Mastercard's most recent trend suggests a bearish bias. One trading opportunity on Mastercard is a Bear Call Spread using a strike $360.00 short call and a strike $365.00 long call offers a potential 19.05% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $360.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $365.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Mastercard is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Mastercard is bearish.
The RSI indicator is at 25.44 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Mastercard
Mastercard to invest $100 mln in Airtel Africa's mobile money unit
Thu, 01 Apr 2021 06:13:14 +0000
Mastercard Inc will invest $100 million in Airtel Africa's mobile money operations valuing the business at $2.65 billion, the London-listed company said on Thursday. Mastercard will hold a minority stake in Airtel Mobile Commerce, in line with Airtel Africa's plan to monetise the mobile money business by selling up to a 25% stake in the unit, the company said.
Mastercard fined £31m for breaching competition law
Wed, 31 Mar 2021 19:32:23 +0000
Five payments firms are accused of running a cartel to reduce competition in the market for pre-paid cards.
Billionaire James Dinan’s Top 10 Stock Picks
Wed, 31 Mar 2021 17:34:08 +0000
In this article we take a look at billionaire James Dinan’s top 10 stock picks. You can skip our detailed analysis of Dinan’s performance and his portfolio moves to read Billionaire James Dinan’s Top 5 Stock Picks. Billionaire hedge-fund manager James Dinan has been struggling to generate lofty returns for investors over the past couple […]
Mastercard (MA), MFC Tie Up to Help Microfinance Companies
Wed, 31 Mar 2021 17:17:05 +0000
Mastercard (MA) to strike a deal with The Microfinance Centre for providing smart financial solutions to small businesses and micro-finance institutions.
Mastercard faces £32m fine for ‘cartel' that harmed vulnerable customers
Wed, 31 Mar 2021 13:48:59 +0000
Mastercard faces fines of up to £32 million for its involvement in a cartel that affected the most “vulnerable members” of society over six years. The payments watchdog found Mastercard and four other firms had colluded to share the prepaid card services market, commonly used by public bodies for welfare payments to the homeless, domestic violence victims and asylum seekers. Public bodies were potentially deprived of lower prices and better quality services as a result, the Payments Systems Regulator said. Between 2012 and 2018, Mastercard funded a network made up of public sector bodies and programme managers Allpay, APS, and PFS, which issued prepaid cards for Mastercard. The network was set up by a firm called Sulion, which the PSR said promoted the use of prepaid cards to the public sector. During this period these firms arranged for programme managers not to target or poach each other’s public sector customers. In the early days of the network, the parties also colluded to allocate leads between them, the PSR found. The regulator raided several of the firms’ offices in 2018 as part of the investigation. Last month Mastercard, Allpay and PFS agreed to settle with the regulator and now face fines totalling over £32 million. The Telegraph understands that as the largest firm Mastercard will pay about 98pc of this fine. Chris Hemsley, of the Payment Systems Regulator, said: “By colluding in this way, we consider the parties were acting as a cartel. Because of the reduced competition local authorities may have been missing out on an alternative supplier or products that were either cheaper or better suited to both their needs and the needs of those using the prepaid cards.” A spokesman for Mastercard said the breach resulted from the actions of “two former employees”. The firm said: “Mastercard is committed to upholding all regulatory and legal standards and we apologise that the actions of two former employees resulted in the standards expected of us not being met in this instance.” A spokesman for Allpay said it had informed the watchdog after becoming aware of potential breaches of competition law and cooperated fully with the investigation. He said: “Allpay has today accepted the decision made by the regulator regarding a significant case involving breaches of competition law, affecting local authority payments to vulnerable people.” A spokesman for APS, also known as Cashplus, said the firm was confident that its activities did not cause customer or market detriment. “Today's announcement concerns alleged competition issues within a market in which APS operated at very small scale and exited more than five years ago,” he said. PFS and Sulion could not be reached for comment. The PSR said the investigation was ongoing.
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