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 1.4% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.35%, 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 2.86% in the last 1 week, and is up 5.84% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.01% and the 50-Day Moving Average is 5.26%.
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 $20.08 and $19.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.13, notching a gain of 0.45% for the day. The total traded volume was 2,529,646 . The stock had closed at $20.04 on the previous day.
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 -20.77%. In a related news, The officer (Chief Acct. Officer), of Western Union Co, Schenkel Amintore had unloaded 28,816 shares at $20.13 per share in a transaction on April 19, 2016. The total value of transaction was $580,066. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.