Large Inflow of Money Detected in Mastercard Incorporated

Mastercard Incorporated (MA) stock had a bullish inflow of $12.7 million worth of trades on uptick and an outflow of $10.76 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.18. The net money flow into the stock was $1.94 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 $3.21 million. $3.21 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Mastercard Incorporated (MA) stock traded down $0.13 , and reached $96.65, a drop of -0.13% over the previous day. On a weekly basis, the stock is 0.19%, over the previous weeks close.


Also, Barclays maintains its rating on Mastercard Incorporated (NYSE:MA). The global brokerage major raises the current price target from $103 per share to $107 per share. Analysts at the Barclays have a current rating of Overweight on the shares. The rating by the firm was issued on July 29, 2016.

Shares of MasterCard Incorporated rose by 0.83% in the last five trading days and 2.12% for the last 4 weeks. MasterCard Incorporated is up 0.92% in the last 3-month period. Year-to-Date the stock performance stands at 0.34%.

Mastercard Incorporated (NYSE:MA): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $96.79 and $96.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $97.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $97.09, notching a gain of 0.32% for the day. The total traded volume was 2,634,854 . The stock had closed at $96.78 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Hundmejean Martina, officer (Chief Financial Officer) of Mastercard Inc, had unloaded 94,345 shares at an average price of $96.82 in a transaction dated on August 8, 2016. The total value of the transaction was worth $9,134,483.

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.

Leave a Reply

Get Pre-Market Alerts!

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