Intuit shares stumble as market tanks (AP)

Monday October 6, 3:25 pm ET Intuit shares fall again following downgrade on economic fears, as broader market plunges NEW YORK (AP) -- Shares of tax preparation and personal finance software maker Intuit Inc. fell for the fourth-straight session Monday, hurt by concerns about the economic slowdown that also send the broader market plunging. Intuit registered its declined following two analyst notes last week, both offering "Sell," ratings on the Mountain View, Calif.-based company. In afternoon trading Monday, shares fell $1.12, or 4 percent, to $26.72. The stock has dropped 17.5 percent since the middle of last week, and is down 12 percent for the year. On Friday, the call came from UBS analyst Heather Bellini, who cut her rating on the shares from "Neutral." While she sees the consumer tax segment of Intuit's business as... [read full story]