Shares of Intuit Inc. INTU, -3.13% lost 3.13% to $395.14 on Monday, which proved to be a rough trading session for the stock market with the S&P 500 SPX Index, -1.79% down 1.79% to 3998.84 and the Dow Jones Industrial Average DJIA Index, -1.40% down 1.40% to 33,947.10. It was the second consecutive day of stock losses. Intuit Inc. closed $288.93 below its 52-week high of $684.07, which the company reached on December 13.
The stock posted a mixed performance compared to some of its competitors on Monday, such as Adobe Inc. ADBE, -2.18% down 2.18% to $334.09, Paychex Inc. PAYX, -2.21% down 2.21% to $123.19, and Oracle Corp. ORCL, -4.70% fell 4.70% to $79.43. Trading volume (1.5 million) remained 382,857 below the 50-day average volume of 1.9 million.Intuit Inc. – a U.S. financial software company that develops and sells financial, accounting and tax preparation software and related services for small businesses, accountants and individuals. The company is headquartered in Mountain View, California and its CEO is Sassan Goodarzi. Intuit Inc. sells its products as SaaS – Software as a Service (Read also about the best ways to saas marketing).
