HomeTop MoversWhy Visa Inc. (V) stock price fluctuated on Thursday?

Why Visa Inc. (V) stock price fluctuated on Thursday?

Visa Inc. (V) shares lost 0.15% in after-hours on Thursday, December 16, 2021, and closed the daily trading at $214.04. However, in the regular trading session, V’s stock gained 0.97%. V shares have risen by 2.93% over the last 12 months, and they have moved up by 1.41% in the past week. Over the past three months, the stock has lost -3.33%, while over the past six months, it has shed -6.96%.

Let’s have a brief discussion about its latest news.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


V shares buyback program

Visa Inc. (V) recently announced a massive share buyback program. The Visa board of directors approved a new $12-billion share buyback program. This strategic move will likely boost shareholder value.

In Q4, 2021, the company bought back shares worth $3.1 billion. The balance of $1.2 billion from the previous share repurchase program will be added with the new authorization, bringing the total available fund for buybacks to $13.2 billion.

V upcoming annual meeting of stockholders

Visa Inc. (V) announced that it’s annual meeting of stockholders will be held on January 25, 2022, at 8:30 AM PT.

V spending momentum in November

On December 8, 2021, Visa (V) announced that the U.S. Spending Momentum Index (SMI) was 111.9 in November (seasonally adjusted), up 1.3 points from October, marking the second consecutive month of acceleration in consumer spending momentum. The SMI’s further increase above 100 signals that even more consumers are spending more than they did a year ago.

V Crypto Advisory Services

On December 8, 2021, Visa (V) launched Visa’s Global Crypto Advisory Practice, an offering within Visa Consulting & Analytics (VCA) designed to help clients and partners advance their crypto journey. This comes at a moment when digital currencies are getting more popular, according to a survey done by Visa.

Participation in the recent investor conference

Visa Inc. (V) recently participated in the UBS 2021 Global TMT Virtual Conference, which was held on December 8, 2021. The company was presented by Vasant Prabhu, Vice Chair, Chief Financial Officer during the event.

Visa Eco Benefits

On November 9, 2021– Visa (V), launched Visa Eco Benefits, a new package of sustainability-focused benefits for account issuers designed to enable and encourage their cardholders to engage in sustainable consumption behaviors. The Visa Eco Benefits bundle will be available first in Europe and then rolled out globally during the next year to Visa’s clients.

Conclusion

The recent share repurchase program is positive news, but it seems that Visa stock did not take full advantage of the news. We can see a further surge in the coming trading sessions.

Related Videos

Must Read

Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

[class^="wpforms-"]
[class^="wpforms-"]