Visa Shares Rise 1.5% as Bill Ackman Adds to Portfolio

Visa Inc. (NYSE:V) shares rose by 1.5% on Thursday, reaching an intraday high of $365.45 and a closing price of $364.84.

The increase in trading volume was notable, with 8,131,908 shares changing hands - a 3% rise from the average daily volume of 7,886,254 shares.

Several factors contributed to the growth in Visa's stock value. Firstly, billionaire investor Bill Ackman added Visa to his portfolio, citing strong long-term growth prospects for both Visa and Mastercard.

This endorsement from a high-profile investor may have generated increased buying interest in Visa's shares.