Why Visa Stock Was Sliding Today
Visa(US:V) The Motley Fool·2024-09-24 16:32The Department of Justice is expected to file a suit against the credit card processor.Shares of Visa (V -4.17%) were moving lower today on reports that the Department of Justice (DOJ) is preparing to sue the financial services titan over antitrust concerns.Not surprisingly, the stock pulled back on the news, down 4% as of 10:03 a.m. ET. Antitrust strikes againNearly every big tech company, it seems, has been sued by the federal government recently, so it's not a surprise that Visa, which has one of the lar ...