Mastercard Inc (MA) Files Form 4 Insider Selling : Foundation Mastercard Sells 84,000 Shares

Mastercard Inc (MA): Foundation Mastercard , 10% owner of Mastercard Inc sold 84,000 shares on Jul 19, 2016. The Insider selling transaction was reported by the company on Jul 21, 2016 to the Securities and Exchange Commission. The shares were sold at $92.64 per share for a total value of $7,781,547.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 18, 2016, Foundation Mastercard (10% owner) sold 84,000 shares at $91.18 per share price.On May 10, 2016, Andrea L Forster (Corporate Controller) sold 13,480 shares at $97.02 per share price.Also, On May 5, 2016, Ajay Banga (Chief Executive Officer) sold 176,240 shares at $96.80 per share price.On May 4, 2016, Gary J Flood (President, Gl Prod & Solutions) sold 96,335 shares at $97.43 per share price.

Mastercard Inc: On Wednesday, Jul 20, 2016 heightened volatility was witnessed in Mastercard Inc which led to swings in the share price. The shares opened for trading at $92.56 and hit $93.44 on the upside , eventually ending the session at $93.3, with a gain of 1.00% or 0.92 points. The heightened volatility saw the trading volume jump to 37,94,089 shares. The 52-week high of the share price is $101.76 and the company has a market cap of $102,541 M . The 52-week low of the share price is at $74.61.

Mastercard Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Mastercard Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 110 from a previous price target of $104 .The Rating was issued on Apr 29, 2016.Mastercard Inc is Reiterated by Wedbush to Neutral and the brokerage firm has raised the Price Target to $ 99 from a previous price target of $92 .The Rating was issued on Apr 29, 2016.

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 Company’s 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.

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