505.56
0.00%
-0.02
After Hours:
506.50
0.94
+0.19%
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Why is Mastercard Incorporated (MA) Stock down?
26 Oct, 2023:
Shares of Mastercard Incorporated (MA) dropped by 5.62% from $386.31 to $364.59 in the trading on Thursday, October 26, 2023. The reason why MA stock down is due to weaker third-quarter revenue. Investors became concerned when Mastercard reported a growth slowdown in October, despite a 15% increase in switched transactions during the third quarter. The slowdown was attributed to factors like tougher year-over-year comparisons, timing differences in Social Security payments, and the strengthening U.S. dollar.
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