Visa Inc. [V] Investment Appeal on the Rise


In a filing, Visa Inc. revealed its Chief Executive Officer MCINERNEY RYAN unloaded Company’s shares for reported $1.96 million on Aug 01. In the deal valued at $240.00 per share,8,150 shares were sold. As a result of this transaction, MCINERNEY RYAN now holds 0 shares worth roughly $ 0.0.

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Then, Taneja Rajat sold 22,700 shares, generating $5,452,742 in total proceeds. Upon selling the shares at $240.21, the PRESIDENT, TECHNOLOGY now owns 232,112 shares.

Before that, MCINERNEY RYAN sold 425 shares. Visa Inc. shares valued at $102,000 were divested by the Chief Executive Officer at a price of $240.00 per share. As a result of the transaction, MCINERNEY RYAN now holds 0 shares, worth roughly $0.0.

Jefferies reiterated its Visa Inc. [V] rating to a Buy in a research note published on Friday, July 19, 2023; the price target was $280. PT values the company’s stock at a premium of 13.37 to its Friday closing price.

Price Performance Review of V

On Friday, Visa Inc. [NYSE:V] saw its stock jump 1.29% to $242.57. On the same session, the stock had its day’s lowest price of $240.21, but rose to a high of $243.41. Over the last five days, the stock has gained 1.85%. Visa Inc. shares have risen nearly 16.75% since the year began. Nevertheless, the stocks have risen 17.37% over the past one year. While a 52-week high of $245.37 was reached on 07/17/23, a 52-week low of $174.60 was recorded on 01/03/23. SMA at 50 days reached $237.35, while 200 days put it at $225.33. A total of 3.54 million shares were traded, compared to the trading of 4.57 million shares in the previous session.

Levels Of Support And Resistance For V Stock

The 24-hour chart illustrates a support level at 240.72, which if violated will result in even more drops to 238.86. On the upside, there is a resistance level at 243.92. A further resistance level may holdings at 245.26. The Relative Strength Index (RSI) on the 14-day chart is 57.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.95%. Stochastics %K at 71.06% indicates the stock is a holding.

How much short interest is there in Visa Inc.?

A steep rise in short interest was recorded in Visa Inc. stocks on Aug 14, 2023, growing by 0.44 million shares to a total of 30.42 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 29.98 million shares. There was a rise of 1.45%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.89% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.76.

Visa Inc. [V] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 134,777,808 shares, or roughly 8.39% of the outstanding V shares. In other words, the investor’s shares have fallen by -5,135,998 from its previous 13-F filing of 139913806.0. Additionally, BlackRock Fund Advisors increased 3.05% of its stake after which the total value it holdings stand at $18,882,024,521, while SSgA Funds Management, Inc. added 1.70% of its stake to hold $17.62 billion in the firm. Over the last quarter, T. Rowe Price Associates, Inc. sold -3,246,232 shares of Visa Inc., while Fidelity Management & Research Co sold -416,674 shares. At present, Geode Capital Management LLC is holding 33,239,315 shares valued at $7.9 billion. AllianceBernstein LP owned 25,567,374 shares of the company at the time of its most recent 13F filing, worth $6.08 billion.

According to FactSet, Visa Inc.’s share price will average $280.02 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.92 percent from its previous closing price of $239.47. Analysts expect Visa Inc. stock to reach the higher price of $336.00, while the lowest price estimate is $220.00. However, 38 analysts have rated V stock as a Buy in their predictions for 2023.


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