In a filing, Visa Inc revealed its Chief Executive Officer MCINERNEY RYAN unloaded Company’s shares for reported $2.39 million on Oct 01 ’24. In the deal valued at $276.97 per share,8,620 shares were sold. As a result of this transaction, MCINERNEY RYAN now holds 538 shares worth roughly $0.15 million.
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Then, MCINERNEY RYAN bought 8,620 shares, generating $2,387,481 in total proceeds.
Before that, MCINERNEY RYAN sold 8,620 shares. Visa Inc shares valued at $2,382,309 were divested by the Chief Executive Officer at a price of $276.37 per share. As a result of the transaction, MCINERNEY RYAN now holds 538 shares, worth roughly $0.15 million.
A number of analysts have revised their coverage, including Compass Point’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. Exane BNP Paribas also remained covering V and has increased its forecast on September 03, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. BofA Securities revised its rating on July 10, 2024. It rated V as “a Neutral” which previously was an “a Buy”.
Price Performance Review of V
On Tuesday, Visa Inc [NYSE:V] saw its stock fall -0.81% to $281.88. Over the last five days, the stock has lost -1.02%. Visa Inc shares have risen nearly 8.27% since the year began. Nevertheless, the stocks have risen 22.95% over the past one year. While a 52-week high of $293.07 was reached on 09/17/24, a 52-week low of $230.03 was recorded on 07/25/24. SMA at 50 days reached $279.48, while 200 days put it at $274.81.
Levels Of Support And Resistance For V Stock
The 24-hour chart illustrates a support level at 280.25, which if violated will result in even more drops to 278.63. On the upside, there is a resistance level at 284.60. A further resistance level may holdings at 287.33. The Relative Strength Index (RSI) on the 14-day chart is 50.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.38%. Stochastics %K at 48.58% 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 2024-10-15, growing by 0.7 million shares to a total of 22.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 21.39 million shares. There was a rise of 3.17%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 11, 2024 when TD Cowen began covering the stock and recommended ‘”a Buy”‘ rating along with a $320 price target.
