Visa shares close lower on Friday, company appoints Mary Kay Bowman as Head of Seller Solutions

Visa Inc announced on Friday that it had appointed Mary Kay Bowman as head of Seller Solutions with focus on luring more clients to use the largest payments network globally.

Bowman is to lead the designing, development and delivery of new services and solutions, aimed at transforming the payment experience for both sellers and consumers, Visa said.

Visa shares closed lower for the third time in the past twelve trading sessions in New York on Friday. The stock went down 0.44% ($0.61) to $138.06, after touching an intraday low at $137.41 and an intraday high at $138.60.

Shares of Visa Inc have risen 4.64% so far in 2019 compared with a 3.57% gain for the benchmark index, S&P 500 (SPX).

In 2018, Visa Inc’s stock gained 15.72%, thus, it again outperformed the S&P 500, which registered a 6.24% loss.

Prior to joining Visa’s team, Mary Kay Bowman served as head of payments at Square Inc. Her leave from the payments processor marks the second high-profile exit, after Square’s Chief Financial Officer Sarah Friar parted ways with the company in December.

Bowman had previously worked at Amazon.com Inc as director of global payments.

According to CNN Money, the 35 analysts, offering 12-month forecasts regarding Visa Inc’s stock price, have a median target of $164.00, with a high estimate of $196.00 and a low estimate of $144.00. The median estimate represents an 18.79% upside compared to the closing price of $138.06 on January 11th.

The same media also reported that 31 out of 39 surveyed investment analysts had rated Visa Inc’s stock as “Buy”, while 3 – as “Hold”.

Weekly Pivot Levels

By using the traditional method of calculation, the weekly levels of importance for Visa Inc (V) are presented as follows:

Central Pivot Point – $137.19
R1 – $140.35
R2 – $142.63
R3 – $145.79
R4 – $148.94

S1 – $134.91
S2 – $131.75
S3 – $129.47
S4 – $127.18