Among the S&P 500’s biggest fallers on Friday November 22 was Intuit Inc. (INTU). The stock experienced a 4.18% decline to $259.81 with 3.91 million shares changing hands.
Intuit Inc. started at an opening price of 267.92 and hit a high of $270.00 and a low of $255.25. Ultimately, the stock took a hit and finished the day at $11.34 per share. Intuit Inc. trades an average of n/a shares a day out of a total 260.07 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Intuit Inc. hit a high of $295.78 and a low of $182.61 over the last year.
Intuit develops and markets well-known and trusted software products such as QuickBooks for small-business accounting, TurboTax for preparing personal tax returns, and Mint for managing personal finances. The firm is targeting the additional needs of small businesses with payroll and payment processing products in addition to growing its self-employed user base. Intuit was founded in 1983 and is based in Mountain View, California.
With its headquarters located in Mountain View, CA, Intuit Inc. employs 9,400 people. After today’s trading, the company’s market cap has fallen to $67.57 billion, a P/S of n/a, a P/B of 18.02, and a P/FCF of n/a.
For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.
The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.