Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $1.33 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 drop of approximately -1.56%. Over the course of the year, Visa Inc shares have jumped approximately 4.23%. 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 $279.65, while a 200-day SMA reached $255.64. Nevertheless, trading volume fell to 8.23 million shares from 5.94 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 269.77, which, if violated, would cause prices to drop to 268.17. In the upper region, resistance lies at 273.06. The next price resistance is at 274.75. RSI (Relative Strength Index) is 37.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.35, which suggests the price will decrease in the coming days. Percent R is at 86.31%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
