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Visa CEO Sells $2M Worth of Shares Amid Overvaluation Concerns

Guavy AI Editorial Team
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Visa CEO Ryan McInerney recently sold $2.16 million worth of shares in the company, exercising options and selling stock under a Rule 10b5-1 trading plan established earlier this year.

The sales took place on August 21, with McInerney selling 5,875 shares at a price of $367.87 each, resulting in a total sale value of $2,161,236. This sale came as the stock has been climbing, reaching a new high of $382.41.

InvestingPro analysis suggests that Visa is currently overvalued relative to its Fair Value estimate, placing it among stocks with a high valuation ratio.

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