Mastercard Incorporated (NYSE:MA) has tumbled 2.02% during the past week and has dropped 2.28% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.84%. Mastercard Incorporated (NYSE:MA) has underperformed the index by 3.18% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Mastercard Incorporated (NYSE:MA): The stock opened at $93.98 on Friday but the bulls could not build on the opening and the stock topped out at $94.21 for the day. The stock traded down to $92.69 during the day, due to lack of any buying support eventually closed down at $93.29 with a loss of -0.84% for the day. The stock had closed at $94.08 on the previous day. The total traded volume was 6,941,675 shares.
The company shares have dropped -2.23% from its 1 Year high price. On Nov 11, 2015, the shares registered one year high at $101.76 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $95.98 and the 200 Day Moving Average price is recorded at $92.94.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Forster Andrea L, officer (Corporate Controller) of Mastercard Inc, had unloaded 13,480 shares at an average price of $97.02 in a transaction dated on May 10, 2016. The total value of the transaction was worth $1,307,830.
Many analysts have stated their opinion on the company shares. Citigroup maintains its rating on Mastercard Incorporated (NYSE:MA). The global brokerage major raises the current price target from $101 per share to $113 per share. Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on April 29, 2016. Currently the company Insiders own 0.25% of Mastercard Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18.26% . Institutional Investors own 77.83% of Mastercard Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -0.99%.
MasterCard Incorporated is a technology company in the global payments industry. The Company connects consumers, financial institutions, merchants, Governments and businesses around the world, enabling them to use electronic forms of payment instead of cash and checks. The Companys brands include MasterCard, Maestro and Cirrus. It provides offerings, such as loyalty and reward programs, information services and consulting. The Company focuses on segments, including Government programs, such as Social Security payments, unemployment benefits and others; commercial programs, such as payroll, health savings accounts, employee benefits and others, and consumer reloadable programs for individuals without formal banking relationships and non-traditional users of electronic payments. The Company provides a variety of products and solutions that support payment products that customers can offer to their cardholders.