MasterCard (MA) volatility flat; shares near three-year high

MasterCard (NYSE: MA) announced an increase in its Class A buyback by $1B to $2B. MA is recently down 1.28% to $263.21. Robert W. Baird say's "continue to recommend MA, as trends remain solid, repurchases appear to be accelerating, and upside Q1 appears likely." Overall option implied volatility of 29 is near its six-month average of 31 according to Track Data, suggesting non-directional price movement.

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