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Taking a Closer Look At Visa Inc (V) Following Its Recent Trade

In a filing, Visa Inc revealed its Director CARNEY LLOYD unloaded Company’s shares for reported $0.25 million on Apr 26 ’24. In the deal valued at $275.55 per share,909 shares were sold. As a result of this transaction, CARNEY LLOYD now holds 2,591 shares worth roughly $0.7 million.

Then, MCINERNEY RYAN sold 8,200 shares, generating $2,298,952 in total proceeds. Upon selling the shares at $280.36, the Chief Executive Officer now owns 538 shares.

Before that, MCINERNEY RYAN sold 8,150 shares. Visa Inc shares valued at $2,308,080 were divested by the Chief Executive Officer at a price of $283.20 per share. As a result of the transaction, MCINERNEY RYAN now holds 538 shares, worth roughly $0.14 million.

TD Cowen initiated its Visa Inc [V] rating to a Buy in a research note published on April 11, 2024; the price target was $320. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Neutral”. Mizuho also remained covering V and reiterated its “Neutral” recommendation on January 18, 2024. Citigroup maintained its rating on January 18, 2024. It rated V as “a Buy”.

Price Performance Review of V

On Tuesday, Visa Inc [NYSE:V] saw its stock fall -1.19% to $268.61. Over the last five days, the stock has lost -2.01%. Visa Inc shares have risen nearly 3.17% since the year began. Nevertheless, the stocks have risen 15.42% over the past one year. While a 52-week high of $290.96 was reached on 03/21/24, a 52-week low of $216.14 was recorded on 01/03/24. SMA at 50 days reached $278.89, while 200 days put it at $256.93. A total of 6.37 million shares were traded, compared to the trading of 4.19 million shares in the previous session.

Levels Of Support And Resistance For V Stock

The 24-hour chart illustrates a support level at 267.44, which if violated will result in even more drops to 266.26. On the upside, there is a resistance level at 270.93. A further resistance level may holdings at 273.25. The Relative Strength Index (RSI) on the 14-day chart is 35.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.82%. Stochastics %K at 22.89% indicates the stock is a holding.

The most recent change occurred on December 20, 2023 when Monness Crespi & Hardt began covering the stock and recommended ‘”a Neutral”‘ rating .

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