Why Mastercard Stock Just Dropped 6%
Mastercard (NYSE: MA) stock is down again Tuesday, its shares off 6% as of 2 p.m. EST -- and it's not just because of the coronavirus scare this time.
This morning, Mastercard announced that its current CEO, Ajay Banga, will step down from his post at the end of this year, to be replaced by a relative unknown from within the company -- Chief Product Officer Michael Miebach. Unnerved already by the spread of coronavirus across the globe, investors aren't responding to the news well.
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Source Fool.com
