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

Nahezu unverändert zeigt sich heute Visa Inc. A. Die Veränderung zu gestern beträgt lediglich -0,04 %.
Klare Kaufstimmung: Visa Inc. A hat 50 Buy-Einschätzungen und keine Sell-Einschätzung.
Ein Kursziel von 280 € für Visa Inc. A signalisiert ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 240.75 €.

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