Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Visa Inc shares valued at $7,009,955 were sold by Fabara Paul D on May 15 ’24. At $277.15 per share, Fabara Paul D sold 25,293 shares. The insider’s holdings dropped to 17,894 shares worth approximately $4.77 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, CARNEY LLOYD sold 909 shares, netting a total of over 250,472 in proceeds. Following the sale of shares at $275.55 each, the insider now holds 2,591 shares.
Before that, MCINERNEY RYAN had sold 8,200 shares from its account. In a trade valued at $2,298,952, the Chief Executive Officer traded Visa Inc shares for $280.36 each. Upon closing the transaction, the insider’s holdings decreased to 8,200 shares, worth approximately $0.14 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 -3.70%. Over the course of the year, Visa Inc shares have jumped approximately 2.40%. 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 $273.94, while a 200-day SMA reached $263.54. Nevertheless, trading volume fell to 10.52 million shares from 12.17 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 265.20, which, if violated, would cause prices to drop to 263.80. In the upper region, resistance lies at 269.29. The next price resistance is at 271.98. RSI (Relative Strength Index) is 37.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.15, which suggests the price will decrease in the coming days. Percent R is at 99.35%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
