Intuit (NASDAQ:INTU) stock has risen due to increased buyback reports. The company repurchased $1.8 billion worth of stock in the first half of its fiscal year, a 40% increase from the previous year, and plans to use up to the $3.5 billion remaining under its current authorization. If completed, the pace of repurchases would roughly double compared to the first-half and nearly double full-year buybacks. Intuit expects to return a significantly larger amount of capital to shareholders in fiscal 2026. The stock is currently trading 8.6% above its 20-day simple moving average (SMA), but 21.4% below its 100-day SMA, indicating short-term recovery while the longer-term trend is still downward.