Visa Inc. Cl A Stock Underperforms Tuesday When Compared To Competitors
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Shares of Visa Inc. Cl A (V) slipped 2.90% to $224.58 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.12% to 4,145.58 and Dow Jones Industrial Average falling 0.69% to 33,055.51.
This was the stock's third consecutive day of losses.
Visa Inc. Cl A closed $10.99 below its 52-week high ($235.57), which the company reached on April 21st.
The stock underperformed when compared to some of its competitors Tuesday, as JPMorgan Chase & Co. (JPM) fell 1.04% to $136.59, Bank of America Corp. (BAC) rose 0.85% to $28.58, and Mastercard Inc. (MA) fell 2.80% to $373.75.
Trading volume (8.5 M) eclipsed its 50-day average volume of 6.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 23, 2023.
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May 23, 2023 17:30 ET (21:30 GMT)
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