Moneygram International Inc (MGI) Files Form 4 Insider Buying : Michael P Rafferty Buys 1,000 Shares

Moneygram International Inc (MGI): Michael P Rafferty , director of Moneygram International Inc purchased 1,000 shares on May 6, 2016. The Insider buying transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.90 per share for a total value of $5,900.00 , the company said in a SEC Form 4 Filing.

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

Shares of Moneygram International Inc (MGI) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -0.02 points or -0.33% at $5.98 with 1,34,953 shares getting traded. Post opening the session at $5.95, the shares hit an intraday low of $5.81 and an intraday high of $6.1 and the price vacillated in this range throughout the day. The company has a market cap of $322 M and the number of outstanding shares has been calculated to be 5,37,71,809 shares. The 52-week high of Moneygram International Inc is $11 and the 52-week low is $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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