Visa (V) : Thursdays money flow analysis of Visa (V) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $91.98 million. In comparison, the inflow of money on upticks was a meager $75.94 million. The dollar value of composite uptick trades minus the downtick trades was negative $16.04 million. The uptick to downtick ratio of 0.83 in the money flow shows weakness. The uptick block trades were valued at $4.02 million. The downtick transaction value was high at $20.59 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.2. Hence, the net money flow in the stock was negative ($16.57 million). Visa (V) gained $0.68 at $78.14, a change of 0.88% over the previous days close.
The stock has recorded a 20-day Moving Average of 2.61% and the 50-Day Moving Average is 0.67%. Shares have rallied 9.16% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $81.73 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $77.69 and the 200 Day Moving Average price is recorded at $75.61.
Visa (NYSE:V): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.06 and $77.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.14, notching a gain of 0.88% for the day. The total traded volume was 6,607,383 . The stock had closed at $77.46 on the previous day.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VICE CHAIR RISK & PUB POLICY) of Visa Inc., Richey Ellen had sold 18,736 shares worth of $1,384,028 in a transaction dated March 3, 2016. In this transaction, 18,736 shares were sold at $73.87 per share.
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.