Shares of Visa (V) Rally 2.46%

Visa (V) has been under a strong bear grip, hence the stock is down -2.56% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.95% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.46% in the last 1 week, and is up 1.7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.83% and the 50-Day Moving Average is 0.85%.

Visa (NYSE:V): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.65 and $78.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.30, notching a gain of 0.20% for the day. The total traded volume was 8,153,431 . The stock had closed at $78.14 on the previous day.


The company Insiders own 0.17% of Visa shares according to the proxy statements. Institutional Investors own 82.06% of Visa shares. In a related news, The Securities and Exchange Commission has divulged that Richey Ellen, officer (VICE CHAIR RISK & PUB POLICY) of Visa Inc., had unloaded 18,736 shares at an average price of $73.87 in a transaction dated on March 3, 2016. The total value of the transaction was worth $1,384,028.

Visa Inc. is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders, such as pay now with debit, pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital, eCommerce and mobile products and services.

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