Visa Inc 4 Hour Price Update
Updated September 08, 2020 04:36 PM GMT (12:36 PM EST)
The price of V fell $-4.56 (-2.23%) over the past four hours. For context, Visa Inc’s peers in the in the Business Services industry are down -1.11% on average in this time, while its counterparts in the broader Financial Services sector are down by an average of -2.64%.
Visa Inc Daily Price Recap
Visa Inc is down 2.06% ($4.3) since the day prior, marking the 2nd day in a row it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 17.14% from the day prior, and up 88.49% from the same day the week before. Below is a daily price chart of Visa Inc.
Visa Inc Technical Analysis
First things first: Visa Inc crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 9 out of the past 14 days.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to V:
$V Robinhooders got this email this morning. No wonder there is a pull back. Stoke that fear.
“…US debt reached its highest level relative to the size of the economy since WWII. Next fiscal year, debt is projected to be bigger than the US' GDP for the full year — a 1st since 1946.
GDP: That's the total value of all goods and services produced by a country over a period of time (usually a year).
$27 trillion: That's America's national debt. It's ~10X the size of every African country's GDP combined and it's $82K per American.