Will INTU Properties continue falling, or will it rise back to 148p highs?

• INTU’s takeover talks with Brookfield consortium collapsed.
• Shares fell to their record lows. Shares as low as -40% today, currently trading at 122.1p (at the time of writing).
• Shares now below pre-merger talks announcement share price of 148.55 (4 Oct).
• Can the shares close the gap?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal, CMC Markets

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Trading INTU – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards pre-merger talks announcement share price of 148.55p. You decide to buy exposure to £10,000 worth of INTU using a CFD, at the current price of 122.1p. To do this, you need £2,000.

Let’s assume INTU recovers back to 148.55p (+21.6%). Your profit would be £2160, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 9% from the current price. INTU falls 9% and hits your stop-loss. Your loss would be £900.

This is provided for information purposes only. It should not be taken as a recommendation.