Mastercard Incorporated (MA) has risen sharply, recording gains of 1.67% in the past 4 weeks. However, the stock has corrected -0.94% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.28% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
MasterCard Incorporated has dropped 0.05% during the last 3-month period . Year-to-Date the stock performance stands at -1.59%. The stock has recorded a 20-day Moving Average of 0.22% and the 50-Day Moving Average is 2.21%.
Mastercard Incorporated (NYSE:MA): The stock opened at $95.18 on Friday but the bulls could not build on the opening and the stock topped out at $95.29 for the day. The stock traded down to $94.41 during the day, due to lack of any buying support eventually closed down at $95.22 with a loss of -0.05% for the day. The stock had closed at $95.27 on the previous day. The total traded volume was 3,091,095 shares.
Also, Equity Analysts at the Barclays maintains the rating on Mastercard Incorporated (NYSE:MA). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $103 per share to $107 per share. The rating by the firm was issued on July 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 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.