Shares of Visa (V) Sees Large Outflow of Money

Visa (V) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($82.01 million) and the uptick to downtick ratio was 0.32. The transaction value on upticks was $39.48 million and on downticks, the transaction value was $121.49 million. The transaction value of block trades during downticks was $85.94 million. The money flow was negative ($85.94 million), indicating the traders were booking profit on the price strength. Visa (V) rose $0.3 at $80.87, during intraday Tuesday , a rise of 0.37% over the previous days close.


Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Visa (NYSE:V). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $88 per share from a prior target of $90. The rating by the firm was issued on July 7, 2016.

Shares of Visa Inc. rose by 0.46% in the last five trading days and 3.9% for the last 4 weeks. Visa Inc. is up 2.64% in the last 3-month period. Year-to-Date the stock performance stands at 5.24%.

Visa (NYSE:V): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.00 and $80.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.17, notching a gain of 0.37% for the day. The total traded volume was 4,128,693 . The stock had closed at $80.87 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Richey Ellen, officer (VICE CHAIR RISK & PUB POLICY) of Visa Inc., had unloaded 18,736 shares at an average price of $73.87 in a transaction dated on March 3, 2016. The total value of the transaction was worth $1,384,028.

Visa Inc. is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders, such as pay now with debit, pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital, eCommerce and mobile products and services.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.