Visa stock on track to extend longest losing streak since 2013

Visa Inc. shares V, -1.12% were off 0.7% in Thursday morning trading and on track to log their eighth-straight trading day of declines if the losses hold through the close. A close in the red Thursday would extend Visa’s longest losing streak since Aug. 16, 2013, according to Dow Jones Market Data. Shares fell for nine consecutive sessions during that 2013 stretch. Visa’s stock is off 10.0% during the current eight-session losing streak. Visa executives have maintained recently that spending trends remain healthy, and Visa’s stock has held up better than the broader market this year. The shares are off 14% so far in 2022, as the S&P 500 SPX, -0.81% has lost 21%.