Mastercard (MA) Stock Plunges: Shares Dip Below $500 Amid Heavy Selling

Mastercard Inc. (NYSE: MA) shares faced significant downward pressure during trading on April 4th, experiencing a sharp decline throughout the session.

As of 2:55 pm GMT-4, the global payments technology company’s stock was trading at 496.54 USD. This represents a substantial drop of 33.66 USD, equating to a 6.35% loss for the day compared to its previous close.

The intraday chart clearly illustrates a bearish trend for Mastercard. The stock opened the trading day considerably higher at 519.62 USD and briefly touched a high of 520.88 USD. However, consistent selling pressure pushed the price steadily downwards throughout the morning and afternoon.

The decline saw Mastercard shares breach the significant $500 mark, hitting an intraday low of 494.07 USD. The current price remains near this low point, indicating sustained selling activity. Today’s performance stands in stark contrast to the previous closing price of 530.20 USD.

From a broader perspective, this pullback moves the stock further from its 52-week high of 582.23 USD and closer towards its 52-week low of 428.86 USD.

Key market data for Mastercard at this time includes:

• Market Cap: 45.24KCr

• P/E Ratio: 35.75

• Dividend Yield: 0.61%

The significant percentage drop highlights a challenging trading day for Mastercard investors on the NYSE.