Western Union Company (The) (WU) : Traders are bullish on Western Union Company (The) (WU) as it has outperformed the S&P 500 by a wide margin of 4.7% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.55%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5% in the last 1 week, and is up 7.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Western Union Company (The) (NYSE:WU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.76 and $20.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.00, notching a gain of 1.50% for the day. The total traded volume was 3,134,636 . The stock had closed at $20.69 on the previous day.
The stock has recorded a 20-day Moving Average of 4.62% and the 50-Day Moving Average is 7.75%. The Western Union Company is up 11.46% in the last 3-month period. Year-to-Date the stock performance stands at 19.24%.
Western Union Company (The) (WU) stock is expected to deviate a maximum of $2.4 from the average target price of $18.71 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $24 and the most muted being $15.
The Western Union Company (Western Union) is a global provider of money movement and payment services. The Company classifies its businesses into three: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Consumer-to-Consumer operating segment facilitates money transfers between two consumers, primarily through a network of third-party agents. The Consumer-to-Business operating segment facilitates bill payments from consumers to businesses and other organizations, including utilities, auto finance companies, mortgage servicers, financial service providers, government agencies and other businesses. The Consumer-to-Business payments services are available through a variety of services that include Speedpay, Pago Facil and Western Union Payments. The Business Solutions operating segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions for small and medium size enterprises and other organizations and individuals.