Shares of Visa dropped 3.58% to $201.86 at 17:20 EST on Thursday, following last session’s upward trend. NYSE Composite is rising 0.38% to $15,041.24, following last session’s downward trend, This seems, at the moment, a somewhat positive trend trading session today.
Visa’s last close was $209.35, 9.18% under its 52-week high of $220.39.
Visa’s sales growth is a negative 8.6% for the current quarter and a decline by 1.9% for the next. The company’s growth estimates for the present quarter and the next is a negative 12.3% and a negative 2.9%, respectively.
Year-on-year quarterly revenue growth declined by 16.9%, now sitting on 21.85B for the twelve trailing months.
Visa’s last day, last week, and last month’s average volatility was a positive 0.23%, a negative 0.31%, and a positive 0.07%, respectively.
Visa’s last day, last week, and last month’s high and low average amplitude percentage was 1.14%, 1.56%, and 1.65%, respectively.
Visa’s Stock Yearly Top and Bottom Value
Visa’s stock is valued at $201.86 at 17:20 EST, below its 52-week high of $220.39 and way higher than its 52-week low of $133.93.
Visa’s Moving Average
Visa’s value is under its 50-day moving average of $211.14 and under its 200-day moving average of $202.69.
Previous days news about Visa
Visa, plaid scrap $5.3 billion deal amid U.S. antitrust suit. According to Bloomberg Quint on Tuesday, 12 January, "Now that Visa has abandoned its anticompetitive merger, Plaid and other future fintech innovators are free to develop potential alternatives to Visa’s online debit services.", "In the year since Visa announced the deal, hundreds of banks have joined Plaid’s platform, Zach Perret, CEO and co-founder of Plaid, said in a separate blog post."
Visa and plaid call off $5.3 billion deal after justice department objection. According to MarketWatch on Tuesday, 12 January, "Visa Chief Executive Al Kelly said in a release that while he was "confident" that the payment giant would have succeeded in the antitrust lawsuit brought by the Justice Department, he believed that "protracted and complex litigation" would have likely taken "substantial time to fully resolve." Visa and Plaid reached an agreement with the Justice Department to dismiss the litigation related to the proposed deal."
Visa just pulled the plug on its $5.3 billion bid for plaid following DOJ suit. According to Business Insider on Tuesday, 12 January, "But the deal faced regulatory scrutiny from the Department of Justice, which filed a suit against Visa alleging the payments giant was attempting to squash a potential competitor.", "Visa initially planned to defend the acquisition, calling the DOJ’s case "legally flawed." The DOJ cited internal communications at Visa in which execs discussed Plaid’s threat to Visa’s $4 billion debit business."
Visa abandons planned acquisition of plaid after DOJ challenge. According to The Wall Street Journal on Wednesday, 13 January, "The department sued to block the deal in November, alleging the acquisition would allow Visa to unlawfully maintain a monopoly in the online debit-card market. "
Visa, plaid terminate $5.3 bln merger agreement due to U.S. antitrust lawsuit. According to Business Insider on Wednesday, 13 January, "The Justice department had filed a civil antitrust lawsuit in November, 2020, to stop the merger, alleging that Visa is a monopolist in online debit, charging consumers and merchants billions of dollars in fees each year to process online payments. ", "In was in January 2020 that Visa announced its agreement to acquire Plaid in a deal worth $5.3 billion."
Identity mixup with Visa target spurs 10% jump in Japan startup. According to Bloomberg Quint on Wednesday, 13 January, "The U.S. company, also known as Plaid Inc., had been a target for Visa Inc., which announced Wednesday it was walking away from a proposed $5.3 billion acquisition. "
Visa, Mastercard stocks get upgrades at jefferies. According to MarketWatch on Wednesday, 13 January, "Jefferies analyst Trevor Williams cited a "rare stretch of underperformance" that positions Visa and Mastercard well for 2021. ", "He upped his Visa price target to $250 from $195 and raised his Mastercard target to $415 from $315. "
Plaid pulled the plug on the Visa deal over price, not antitrust concerns. According to Business Insider on Wednesday, 13 January, "Backstory:DOJ sued to block the dealin November, claiming it would eliminate Plaid’s future ability to compete in the online debit market, thus giving Visa a monopoly. ", "Company CEO Zach Perret declinedto discuss the tick-tock with me, as did a Visa spokesman, but says he and Plaid’s board "met a couple of weeks ago and made the decision to part ways."