INTU is trading 4% down at $307.12 following fresh attention on securities-fraud probes tied to TurboTax pricing and a recent 20% post-earnings selloff.
- Multiple law firms are publicizing investigations into whether the company misled investors regarding TurboTax price competitiveness.
- Intuit is significantly underperforming major indices, which are trading modestly higher, as legal and regulatory risks remain a primary concern for shareholders.