Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Visa Inc shares valued at $8,918,092 were sold by Taneja Rajat on Dec 13 ’24. At $315.83 per share, Taneja Rajat sold 28,237 shares. The insider’s holdings dropped to 232,112 shares worth approximately $71.9 million following the completion of this transaction.
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Also, Taneja Rajat sold 7,094 shares, netting a total of over 2,230,781 in proceeds. Following the sale of shares at $314.46 each, the insider now holds 260,349 shares.
Before that, Taneja Rajat had added 35,311 shares to its account. In a trade valued at $11,138,142, the Officer bought Visa Inc shares for $315.43 each.
Analysts at Compass Point started covering the stock with ‘”a Buy”‘ outlook in a report released in early September. As of September 03, 2024, Exane BNP Paribas has increased its “Neutral” rating to a “an Outperform” for V. Earlier on July 10, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for V stock which previously was a “a Buy”.
Analyzing V Stock Performance
During the last five days, there has been a drop of approximately -1.28%. Over the course of the year, Visa Inc shares have jumped approximately 18.99%. Shares of the company reached a 52-week high of $321.61 on 12/18/24 and a 52-week low of $252.70 on 07/25/24. A 50-day SMA is recorded $300.91, while a 200-day SMA reached $280.43. Nevertheless, trading volume fell to 10.36 million shares from 8.78 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 305.69, which, if violated, would cause prices to drop to 301.60. In the upper region, resistance lies at 317.74. The next price resistance is at 325.71. RSI (Relative Strength Index) is 50.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.65, which suggests the price will increase in the coming days. Percent R is at 79.03%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
