Updated
Updated · MarketWatch · May 6
Mastercard stock falls 1.04% and underperforms rivals
Updated
Updated · MarketWatch · May 6

Mastercard stock falls 1.04% and underperforms rivals

7 articles · Updated · MarketWatch · May 6
  • Shares closed at $491.89 on Wednesday, while the S&P 500 rose 1.46% and the Dow gained 1.24% in a broadly positive session.
  • It was Mastercard's second straight daily loss, with trading volume of 4.3 million shares topping its 50-day average of 3.6 million.
  • The stock finished 18.26% below its 52-week high of $601.77 reached on 22 August; JPMorgan and Bank of America rose, while Visa slipped 1.00%.
Analysts predict a 33% upside for Mastercard, so what are investors seeing that makes them sell the stock now?
Is Mastercard's pivot to stablecoins a visionary leap or a costly defense against its core business eroding?