SAN FRANCISCO, CA – Visa Inc. (V) demonstrated significant strength during Friday’s trading session, closing with a healthy gain that pushed the stock near its daily high. However, a slight reversal in after-hours trading could be signaling that the stock is due for a cooldown at the start of the new week.
The global payments technology company ended the day at
4.64 (1.31%). The stock showed consistent buying pressure throughout the day, opening at $354.59 and reaching an intraday high of $359.00 before settling just shy of that peak at the closing bell. This strong finish typically points to positive investor sentiment.
However, after the market closed, some profit-taking appeared to set in. In after-hours activity, Visa’s stock dipped by $0.36 (0.10%). While a minor pullback, this negative turn after a strong run-up suggests that the immediate bullish momentum may be waning.
Outlook for Monday:
The strong performance during the main session is a positive sign, but the after-hours decline cannot be ignored. This late-day selling, even if modest, often indicates that some investors are locking in profits after a significant rally. Therefore, Visa’s stock is likely to face some downward pressure and could open lower on Monday as the market digests Friday’s gains and reacts to the end-of-day profit-taking.
Disclaimer: This article is based on an analysis of past stock performance from the data provided. Market conditions are subject to change, and this does not constitute financial advice.
