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 14, 2016. The Insider selling transaction was reported by the company on Jul 18, 2016 to the Securities and Exchange Commission. The shares were sold at $91.18 per share for a total value of $7,658,675.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, Andrea L Forster (Corporate Controller) sold 13,480 shares at $97.02 per share price.On May 5, 2016, Ajay Banga (Chief Executive Officer) sold 176,240 shares at $96.80 per share price.Also, On May 4, 2016, Gary J Flood (President, Gl Prod & Solutions) sold 96,335 shares at $97.43 per share price.On May 4, 2016, Robert Reeg (Pres, MasterCard Technologies) sold 6,000 shares at $96.99 per share price.

Shares of Mastercard Inc (MA) ended Friday, Jul 15, 2016 session in red amid volatile trading. The shares closed down -0.52 points or -0.57% at $90.93 with 32,62,449 shares getting traded. Post opening the session at $92.03, the shares hit an intraday low of $90.72 and an intraday high of $92.03 and the price vacillated in this range throughout the day. The company has a market cap of $99,936 M and the number of outstanding shares has been calculated to be 1,09,90,48,400 shares. The 52-week high of Mastercard Inc is $101.76 and the 52-week low is $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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