Visa (V) NewsBite - V Rises on Bullish Coverage From Bernstein

Posted: Tuesday, February 02, 2010 1:53 PM EDT
By: Market Intelligence Center Staff





Visa (NYSE: V) opened at $84.26. So far today, the stock has hit a low of $83.50 and a high of $84.47. V is now trading at $84.32, up $0.66 (0.79%). Over the last 52 weeks the stock has ranged from a low of $47.54 to a high of $89.69. Bernstein analysts initiated coverage on V today, starting the stock at Outperform. Technical indicators for the stock are neutral and S&P gives V a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on V the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 75 range. [ABR-Seven Summits Strategic Investments NewsBite]



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