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Why Visa Stock Surged 16.6% in October

TheMotleyFool 
0 0 08.11.22
Why Visa Stock Surged 16.6% in OctoberPhoto, wide shot, wide-angle lens, Heavy machinery, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/c15253b0-7330-4605-a666-66954eaf6715.png
 

It was a good month for the payment powerhouse Visa (NYSE: V) as the stock price surged 16.6% in October, according to S&P Global Market Intelligence.

In comparison, the Dow Jones Industrial Average was up 14%, the S&P 500 was up 8%, and the Nasdaq Composite climbed 3.9% last month. Visa is currently trading at about $202 per share, down about 6% year to date as of Nov. 8.

Visa's stock price shot higher after it posted excellent earnings for its fiscal fourth quarter and year-end on Oct. 25 that beat estimates.

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Source Fool.com

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