Visa (V) stock had a bullish inflow of $75.04 million worth of trades on uptick and an outflow of $39.74 million in downticks on Friday. The total uptick to downtick ratio stood at 1.89. The net money flow into the stock was $35.3 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $34.85 million. $34.85 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Visa (V) stock traded down $0.02 , and reached $78.77, a drop of -0.03% over the previous day. On a weekly basis, the stock is 0.6%, over the previous weeks close.
Visa (V) stock is expected to deviate a maximum of $5.59 from the average target price of $89.11 for the short term period. 19 Street Experts have initiated coverage on the stock with the most promising target being $100 and the most muted being $77.
Visa (NYSE:V): stock turned positive on Friday. Though the stock opened at $79.98, the bulls momentum made the stock top out at $80.08 level for the day. The stock recorded a low of $78.33 and closed the trading day at $79.91, in the green by 1.42%. The total traded volume for the day was 12,532,423. The stock had closed at $78.79 in the previous days trading.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VICE CHAIR RISK & PUB POLICY) of Visa Inc., Richey Ellen had sold 18,736 shares worth of $1,384,028 in a transaction dated March 3, 2016. In this transaction, 18,736 shares were sold at $73.87 per share.
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.