Moneygram International Inc (MGI) Files Form 4 Insider Buying : W Bruce Turner Buys 15,000 Shares

Moneygram International Inc (MGI): W Bruce Turner , director of Moneygram International Inc purchased 15,000 shares on May 13, 2016. The Insider buying transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.88 per share for a total value of $88,175.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, Michael P Rafferty (director) purchased 1,000 shares at $5.90 per share price.On Mar 11, 2016, Peggy Vaughan (director) purchased 8,284 shares at $6.04 per share price.Also, On Feb 25, 2016, W Bruce Turner (director) purchased 14,675 shares at $5.03 per share price.On Feb 24, 2016, Coley Clark (director) purchased 5,000 shares at $5.42 per share price.

Moneygram International Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Moneygram International Inc which led to swings in the share price. The shares opened for trading at $6.04 and hit $6.18 on the upside , eventually ending the session at $6.05, with a gain of 1.17% or 0.07 points. The heightened volatility saw the trading volume jump to 1,05,870 shares. The 52-week high of the share price is $10.92 and the company has a market cap of $325 M . The 52-week low of the share price is at $4.68.

Moneygram International Inc Money Flow Index Chart

MoneyGram International Inc. (MoneyGram) is a money transfer and payment services company. The Company operates through two business segments: Global Funds Transfer and Financial Paper Products. The Company’s Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers. It utilizes point-of-sale platforms including AgentConnect DeltaWorks Delta T3 and MoneyGram Online. The bill payment service includes ExpressPayment service. The Company offers its services under the MoneyGram brand. The Company’s Financial Paper Products segment offers money orders to consumers through its retail agents and financial institutions located across the United States and Puerto Rico and provide official check outsourcing services for financial institutions across the United States.

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