Moneygram International (MGI) has risen sharply, recording gains of 7.3% in the past 4 weeks. However, the stock has corrected -1.34% 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 7.44% 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 1.65% and the 50-Day Moving Average is 3.23%.The 200 Day SMA reached 11.93%. Moneygram International Inc. is up 2.65% in the last 3-month period. Year-to-Date the stock performance stands at 17.22%.
Moneygram International (NASDAQ:MGI): After opening at $7.23, the stock dipped to an intraday low of $7.21 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.42 and the buying power remained strong till the end. The stock closed at $7.35 for the day, a gain of 2.65% for the day session. The total traded volume was 45,754. The stocks close on the previous trading day was $7.16.
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 Companys 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 Companys 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.