Why Visa Stock Tumbled on Thursday
On Thursday, the otherwise mighty payment card giant (NYSE: V) was the second-worst performing S 500 index component stock. It fell by nearly 2.6% in value, following news that the status of a large pile of non-publicly traded shares could soon be changed.
Visa announced that it has begun a process to allow its Class B shareholders to freely sell some of their stock.
The Class A shares are the ones that are publicly traded, while Classes B and C shares are not. Both of the latter are mainly owned by financial institutions that partner with Visa.
Source Fool.com
Visa Inc. A Aktie
314,70 €
-0,79 %
Absolute Beliebtheit: Visa Inc. A hat nur Buy-Einschätzungen.
Ein Kursziel von 346 € für Visa Inc. A impliziert ein leicht positives Wachstum gegenüber dem aktuellen Kurs von 314.7 €.
