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Updated · MarketWatch · May 6Mastercard 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?