Volume Spike Investor

Visa, Inc. (NYSE: V) is gapping up this morning after gapping up in after-hours on Friday on the report from Standard & Poor’s that this would join the S&P 500 Index.  Its market cap varies from every source: $63.28 billion at Yahoo! Finance,  Google Finance is $68.65 billion, and Bloomberg is at $60.4 billion; but either way you will have millions of shares which get purchased this week ahead of the addition and particularly on Friday toward the closing bell.  Shares rose 3.3% to $84.10 in the after-hours session on Friday evening after S&P made its huge index change announcement after closing down 1.2% at $81.34 versus a 52-week trading range of $41.78 to $83.40.   Shares are at $84.39 this morning, a gain of 3.75% on about 22,000 shares as of 8:10 AM EST.

JON OGG