Visa Inc (V) is Trading Lower on Unusual Volume for December 21

Equities Staff |

Visa Inc (V) experienced unusually high volume on Dec. 21, as the stock lost 3.01% to a closing price of $76.32. The stock saw 16.27 million shares trade hands over the course of the day on 78,348 trades. Given that the stock’s average daily volume over the last month has been 9.06 million shares a day, this represents a pretty substantial spike over the norm.

Visa Inc has a P/B ratio of 5.66. It also has a P/E ratio of 29.7. The stock has traded between $81.01 and $60.00 over the last 52-weeks, its 50-day SMA is now $77.95, and its 200-day SMA $71.31.

Visa Inc is a payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. The Company operates a processing networks - VisaNet.

Headquartered in San Francisco, CA, Visa Inc has 11,300 employees and is currently under the leadership of CEO Charles W. Scharf.

For a complete fundamental analysis analysis of Visa Inc, check out Equities.com’s Stock Valuation Analysis report for V. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

THE IMPORTANCE OF THE RUSSELL 3000

The Russell 3000 is not well known outside the world of finance, but it’s one of the strongest indices out there for getting a broad sense of the stock market. Unlike the better-known Dow Jones Industrial Average or S&P 500, membership on the Russell 3000 isn’t selected by committee. It’s simply the 3,000 most valuable companies in the country.

With 3,000 stocks making up the index, it gives a broad look at the markets, including the small-and mid-cap companies that aren’t on the Dow or the S&P 500. And with a rules-based system for determining membership, there’s no bias that could potentially limit membership. That’s why many financial professionals will turn to the Russell 3000 long before the better-known indices when trying to take the temperature of the market.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Sack Lunch Productions Inc

Sack Lunch Productions Inc is an entertainment company. The Company, through its subsidiaries, is engaged in event management, production service, film production and distribution services.

Private Markets

Uber

Uber connects riders with safe, reliable, convenient transportation providers at a variety of price-points in cities around the world. Uber makes money from charging their drivers 20% of the fare…

Trustify

Trustify provides trust and safety in both the digital and physical worlds through our vast network of on-demand Private Investigators.By removing the large retainers and high hourly rates that traditional…