Western Union Company (The) (WU) has risen sharply, recording gains of 4.17% in the past 4 weeks. However, the stock has corrected -0.14% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.11% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3% and the 50-Day Moving Average is 6.66%. Western Union Company (The) (NYSE:WU): On Fridays trading session , Opening price of the stock was $21.01 with an intraday high of $21.05. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.93. However, the stock managed to close at $20.97, a loss of 0.52% for the day. On the previous day, the stock had closed at $21.08. The total traded volume of the day was 1,661,147 shares.
The company Insiders own 1.1% of Western Union Company (The) shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -28.67%. Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Western Union Company (The) (NYSE:WU). The current rating of the shares is Sell, according to the research report released by the firm. The brokerage firm raises the price target from $15.5 per share to $17 per share. The rating by the firm was issued on August 5, 2016.
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.