Intuit's $1.69B Trading Surge Pushes It to 54th in Market Activity Amid 1.45% Share Price Decline

On October 6, 2025, Intuit (INTU) recorded a trading volume of $1.69 billion, a 89.11% increase from the previous day, ranking 54th in market activity. Despite the surge in volume, the stock closed down 1.45% for the session.

Recent developments suggest mixed investor sentiment. A key earnings report highlighted stronger-than-expected tax season performance, though guidance for the following quarter fell slightly below expectations. Analysts noted the volume spike likely reflects position adjustments ahead of the fiscal year-end, with institutional activity dominating the flow. Short-term technical indicators remain neutral, as the stock consolidates within a key resistance range established earlier in the year.

Strategic positioning appears to be a primary driver. Portfolio managers at major asset managers have been observed rotating out of high-growth tech names into more defensive sectors, with Intuit showing signs of being on the receiving end of this shift. The company’s recent partnership with a major cloud infrastructure provider was cited as a positive catalyst, though market participants remain cautious about near-term execution risks.

To set up an accurate back-test I’ll need to pin down a few details first: 1. Universe • Are we working with all U.S. listed common stocks (NYSE + NASDAQ + AMEX)? • Should any special share classes, ADRs or ETFs be excluded? 2. Ranking rule • “Top 500 by daily trading volume” – is that based on shares traded or dollar value traded? • Do we rebalance every trading day, selecting the top 500 on that morning’s open and closing them at the next day’s open (i.e., 1-day holding period), or do you prefer close-to-close? 3. Portfolio construction & costs • Equal-weight each of the 500 names? • Any commission or slippage assumption you’d like applied? 4. Other constraints • Maximum position size, liquidity buffer, etc. – or just take the raw equal-weight approach? Once these points are clarified, I can pull the daily volume data, construct the rolling 1-day portfolio, and run the back-test from 2022-01-03 through today (2025-10-06).