Visa's Regulatory Hurdle Creates a Better Entry Point for Investors
Visa Inc. (V) shares continued to decline following the Department of Justice (DOJ) filing an antitrust lawsuit. The quivers began after Bloomberg and The New York Times first hinted that a DOJ action was forthcoming. On Tuesday, the DOJ formally accused Visa of illegally dominating the debit card market. The stock, which had closed at 269.63 by Wednesday, pushing it 8% below its 52-week high of $293.07.Despite the recent slump, the dip could present a solid entry point f ...