Mastercard Incorporated (MA) : Traders are bullish on Mastercard Incorporated (MA) as it has outperformed the S&P 500 by a wide margin of 6.74% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.29%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.72% in the last 1 week, and is up 9.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Mastercard Incorporated (NYSE:MA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $96.29 and $96.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $96.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $96.88, notching a gain of 1.01% for the day. The total traded volume was 2,632,181 . The stock had closed at $95.91 on the previous day.
The stock has recorded a 20-day Moving Average of 4.39% and the 50-Day Moving Average is 3.94%. MasterCard Incorporated is up 0.42% in the last 3-month period. Year-to-Date the stock performance stands at 0.12%.
Mastercard Incorporated (MA) : The highest level Mastercard Incorporated (MA) is projected to reach is $115 for the short term and the lowest estimate is at $99. The consolidated price target from 18 rating analysts who initiate coverage on the stock is $108.78 and the possibility the share price can swing is $4.7.
MasterCard Incorporated is a technology company in the global payments industry. The Company connects consumers, financial institutions, merchants, Governments and businesses around the world, enabling them to use electronic forms of payment instead of cash and checks. The Companys brands include MasterCard, Maestro and Cirrus. It provides offerings, such as loyalty and reward programs, information services and consulting. The Company focuses on segments, including Government programs, such as Social Security payments, unemployment benefits and others; commercial programs, such as payroll, health savings accounts, employee benefits and others, and consumer reloadable programs for individuals without formal banking relationships and non-traditional users of electronic payments. The Company provides a variety of products and solutions that support payment products that customers can offer to their cardholders.