Intuit's Stock Drops, Challenging Tech Sector

Intuit, the company behind popular tax and accounting software, has seen a significant drop in its stock value, falling nearly twenty-three percent from its peak. Despite a small increase this year, the stock has dipped one point five percent over the past year, contrasting with the broader technology sectors twenty percent climb. Intuits stock has been trading below its moving averages since August, indicating a continuing downward trend. Meanwhile, competitor Salesforce has fared even worse, with a thirty-three percent drop in the last year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.