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Visa Inc. (NYSE:V), Amazon.com, Inc. (NASDAQ:AMZN) – If You Invested $1,000 In Visa Stock One Year Ago, Here’s How Much You’d Have Now

Visa Inc. (NYSE:V), Amazon.com, Inc. (NASDAQ:AMZN) - If You Invested $1,000 In Visa Stock One Year Ago, Here's How Much You'd Have Now
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Investors who owned shares in the past year have made some big gains overall. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) The total return over the past 12 months is 24.2%. But there is no doubt that some big-name stocks have done better than others along the way.

Offroad Visa Journey: One company that has been a disappointing investment last year is the credit card giant Visa company (NYSE: V).

At the beginning of 2020, Visa shares were trading at $189. By the beginning of March, the stock had fallen to $186.32 as news of the spread of the coronavirus in China raised concerns about a US pandemic.

When the market crashed during the COVID-19 outbreak in the US in March, Visa shares fell to $133.93 during the height of pandemic fears.

When the market rebounded in late March 2020, Visa started to rebound as well. The stock was back above $200 by June and back to pre-pandemic highs in early September.

After pulling back to $179.23 in October, Visa finished 2020 close to this year’s highs of $218.73.

Related Link: If You Invested $1,000 in Catalyst Pharmaceuticals Stock One Year Ago, Here’s How Much You’ve Got Now

Visa in 2021 and beyond: Beyond 2020, Visa maintained its momentum in the first half of 2021. In January, Visa abandoned its proposed $5.3 billion merger with Plaid in the wake of an antitrust lawsuit by the Department of Justice. The stock reached a 2021 high of $252.67 in July.

Unfortunately, the Ministry of Justice has not finalized the visa. The stock also took a beating in March in a Wall Street Journal report that the Department of Justice was investigating Visa for possible anticompetitive practices in the debit card market. The Wall Street Journal reported in October that the Department of Justice was focusing its antitrust investigation into Visa’s relationships with other financial technology companies, including Stripe, Square Inc (NYSE: SQ) and Paypal Holdings Inc (NASDAQ: PYPL).

In November, the stock took another hit after a disappointing earnings report for the third quarter. After a few weeks, Amazon.com, Inc. (NASDAQ:AMZN) has announced that it will stop accepting Visa credit cards issued in the United Kingdom, another blow to Visa investors.

After the negative headlines, Visa shares fell to $203.72.

Visa investors who bought in a year ago and have continued to have achieved a disappointing return on their investment at this point. In fact, $1,000 of Visa shares purchased on December 6, 2020, would be worth about $929 today, assuming dividends are reinvested.

I look ahead: Analysts expect Visa stock to regain its upward momentum in the next 12 months. The average price target among 31 analysts covering the stock is $276, indicating a 35.5% rise from current levels.

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