MOUNTAIN VIEW, Calif. – Shares of financial software giant Intuit Inc. (INTU) experienced a significant rally in Thursday’s trading session, closing with solid gains as the stock came within cents of setting a new 52-week high.
Intuit finished the day at
4.74, or 0.61%. The stock’s performance reflects strong investor sentiment, which propelled it to a daily high of $790.50. This peak was just a stone’s throw from its 52-week high of $790.60, indicating a powerful upward momentum that nearly established a new record for the year.
The trading day began with the stock opening at $782.91, already above the previous day’s close of $781.21. From there, shares climbed steadily throughout the morning and early afternoon, reaching their peak around 2:00 PM before a slight pullback into the close. The day’s low was recorded at $780.50, showcasing a tight and positive trading range.
This bullish activity is supported by a high Price-to-Earnings (P/E) ratio of 63.96, suggesting that investors have high expectations for the company’s future profitability. The maker of TurboTax and QuickBooks continues to command a significant market capitalization, reinforcing its position as a leader in the tech sector. As the market digests this near-record performance, traders will be closely watching to see if Intuit can breach its 52-week high in the upcoming sessions.
