A whale with a lot of money to spend has taken a noticeably bullish stance on Intuit.
Looking at options history for Intuit (NASDAQ:INTU) we detected 10 strange trades.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Intuit Inc (NASDAQ: INTU) is trading lower Tuesday after the company announced the pricing of a secondary offering of 1,548,700 shares of common stock.
Intuit (the "Company") (NASDAQ:INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, Credit Karma and Mailchimp, announced today that certain entities affiliated with Dan Kurzius,