Visa Inc. Cl A (V) experienced a decline of 1.30% on Monday, closing at $275.04. This decrease occurred amidst a generally positive trading session in the stock market, with the S&P 500 Index rising by 0.26% to 5,360.79, and the Dow Jones Industrial Average increasing by 0.18% to 38,868.04.
The dip in Visa’s stock price marked the end of a four-day winning streak. Despite this decline, Visa closed at $15.92 below its 52-week high of $290.96, achieved on March 21st.
In comparison to its competitors, Visa underperformed on Monday. JPMorgan Chase & Co. (JPM) saw a decrease of 0.17% to $199.61, Bank of America Corp. (BAC) dropped by 0.28% to $39.67, and Mastercard Inc. (MA) experienced a slight decline of 0.12% to $449.25.
The trading volume for Visa on Monday stood at 5.2 million shares, which is 1.8 million shares lower than its 50-day average volume of 7.0 million shares.
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