Why Intuit stock is up again: TurboTax momentum meets Direct File bill risk
Intuit shares rose 1.6% to $440.24 in early afternoon trading Wednesday, extending a six-day rally. CEO Sasan Goodarzi reported strong TurboTax growth and dismissed chatbot disruption concerns. Democrats introduced a bill to revive the IRS “Direct File” program, posing potential competition for paid tax software. Trading volume in Intuit stock topped its 50-day average for two straight sessions.