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 13 strange trades.
Intuit (NASDAQ:INTU) has outperformed the market over the past 5 years by 14.87% on an annualized basis producing an average annual return of 24.85%. Currently, Intuit has a market capitalization of $121.13 billion.
A whale with a lot of money to spend has taken a noticeably bearish stance on Intuit.
Looking at options history for Intuit (NASDAQ:INTU) we detected 16 strange trades.
As of the past few months, numerous fintech startups have been suffering the brunt of the bear market, as layoffs in the technology industry have led the way.
U.S. stocks closed mostly higher on Wednesday ahead of the Federal Reserve's Jackson Hole conference.
The S&P 500 recovered on Wednesday after losing ground in the prior three sessions amid renewed rate-hike concerns and energy crisis in Europe. The index has also rebounded 13% versus its mid-June low level.