Visa Inc’s filing revealed that its GENERAL COUNSEL ROTTENBERG JULIE B unloaded Company’s shares for reported $0.74 million on Nov 01 ’24. In the deal valued at $288.49 per share,2,572 shares were sold. As a result of this transaction, ROTTENBERG JULIE B now holds 5,893 shares worth roughly $1.84 million.
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Then, MCINERNEY RYAN sold 8,620 shares, generating $2,486,784 in total proceeds. Upon selling the shares at $288.49, the Chief Executive Officer now owns 538 shares.
Before that, ROTTENBERG JULIE B bought 2,572 shares. Visa Inc shares valued at $741,996 were divested by the Officer at a price of $288.49 per share.
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 -0.10% to $311.85. Over the last five days, the stock has gained 0.65%. Visa Inc shares have risen nearly 19.78% since the year began. Nevertheless, the stocks have risen 24.96% over the past one year. While a 52-week high of $312.44 was reached on 11/11/24, a 52-week low of $245.60 was recorded on 07/25/24. SMA at 50 days reached $288.09, while 200 days put it at $277.16.
Levels Of Support And Resistance For V Stock
The 24-hour chart illustrates a support level at 309.50, which if violated will result in even more drops to 307.14. On the upside, there is a resistance level at 313.22. A further resistance level may holdings at 314.58. The Relative Strength Index (RSI) on the 14-day chart is 73.90, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.34%. Stochastics %K at 95.85% indicates the stock is a selling.
How much short interest is there in Visa Inc?
A steep rise in short interest was recorded in Visa Inc stocks on 2024-10-31, dropping by -3.74 million shares to a total of 19.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 23.36 million shares. There was a decline of -19.06%, which implies that there is a negative 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.
