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Why Visa Stock Tumbled on Thursday

TheMotleyFool 
0 0 15.09.23
Why Visa Stock Tumbled on ThursdayPhoto, wide shot, wide-angle lens, Janitorial service, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/4d4e885c-79e9-4b8f-bd91-e9721cd7c2e9.png
 

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.

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Source Fool.com

Visa Inc. A Stock

€310.00
-1.620%
A loss of -1.620% shows a downward development for Visa Inc. A.
The stock is an absolute favorite of our community with 44 Buy predictions and no Sell predictions.
With a target price of 346 € there is a slightly positive potential of 11.61% for Visa Inc. A compared to the current price of 310.0 €.
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