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California Based Intuit Inc. Shares Performed Better

California Based Intuit Inc. shares inched 0.67% higher to $500.97 Tuesday. This proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.20% to 4,343.54 and Dow Jones Industrial Average DJIA falling 0.60% to 34,577.37.

Intuit Inc. hit a new 52-week high, surpassing its previous peak of $500.83, which the company reached on July 2nd. The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Adobe Inc. ADBE rose 0.65% to $596.90, SAP SE ADR SAP fell 0.01% to $141.71, and Oracle Corp. ORCL rose 1.54% to $83.08.

Intuit Inc Trading volume (1.2 M) remained 16,190 below its 50-day average volume of 1.2 M.This was the stock’s third consecutive day of gains.Intuit provides solutions and programs that help consumers and small businesses navigate today’s fast-changing business landscape with confidence. A prime example is the Intuit Prosperity Accelerator, launched in partnership with Highline Beta at the height of the COVID-19 pandemic. This program supports innovations that address the financial challenges many Canadian consumers and small businesses face in difficult times. Initiatives like these propel Intuit to further support Canada’s innovation economy in the years to come.

Intuit is a global technology platform that helps our customers and communities overcome their most important financial challenges. Serving approximately 100 million customers worldwide with TurboTax, QuickBooks, Mint and Credit Karma, the company believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible.

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