Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Visa Inc shares valued at $2,298,952 were sold by MCINERNEY RYAN on Apr 01 ’24. At $280.36 per share, MCINERNEY RYAN sold 8,200 shares. The insider’s holdings dropped to 538 shares worth approximately $0.15 million following the completion of this transaction.
Also, MCINERNEY RYAN sold 8,150 shares, netting a total of over 2,308,080 in proceeds. Following the sale of shares at $283.20 each, the insider now holds 538 shares.
Before that, ANDRESKI PETER M had sold 2,615 shares from its account. In a trade valued at $729,282, the GBL CORP CONTROLLER, CAO traded Visa Inc shares for $278.88 each. Upon closing the transaction, the insider’s holdings decreased to 2,615 shares, worth approximately $1.35 million.
As published in their initiating research note from TD Cowen on April 11, 2024, Visa Inc [V] has been a Buy and the price target has been revised to $320. Analysts at Redburn Atlantic downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of January 18, 2024, Mizuho has reiterated its “Neutral” rating for V. Earlier on January 18, 2024, Citigroup resumed its rating. Their recommendation was “a Buy” for V stock.
Analyzing V Stock Performance
During the last five days, there has been a surge of approximately 0.61%. Over the course of the year, Visa Inc shares have jumped approximately 5.89%. Shares of the company reached a 52-week high of $290.96 on 03/21/24 and a 52-week low of $256.86 on 01/03/24. A 50-day SMA is recorded $280.00, while a 200-day SMA reached $254.65. Nevertheless, trading volume fell to 8.1 million shares from 5.28 million shares the previous day.
Support And Resistance Levels for Visa Inc (V)
According to the 24-hour chart, there is a support level at 273.08, which, if violated, would cause prices to drop to 270.48. In the upper region, resistance lies at 277.38. The next price resistance is at 279.08. RSI (Relative Strength Index) is 42.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.42, which suggests the price will decrease in the coming days. Percent R is at 80.88%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Visa Inc subject to short interest?
Stocks of Visa Inc saw a sharp steep in short interest on Mar 28, 2024 dropping by -1.51 million shares to 30.87 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 32.38 million shares. A decline of -4.89% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.07 of the overall float, the days-to-cover ratio (short ratio) decline to 5.07.
