Visa hits a record high on a big hedge-fund stake
+3.06% to $382.41 from $371.04
What moved V
- A large hedge fund disclosed a new $1.1 billion stake in Visa, fueling institutional buying interest.
- Investment accounts associated with President Trump purchased millions of dollars of Visa and Mastercard shares in June, according to newly reviewed disclosures.
- The move builds on Visa’s latest quarterly report, in which revenue rose 14% year over year to $11.6 billion and EPS of $3.32 beat estimates.
- CEO Ryan McInerney said consumer and business spending “remains resilient.”
Sources: Investing.com · FX Leaders