Western Union Company (The) (NYSE:WU) has tumbled 1.76% during the past week and has dropped 1.19% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.58%. Western Union Company (The) (NYSE:WU) has underperformed the index by 2.1% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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 $18.81 and $18.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.02, notching a gain of 1.17% for the day. The total traded volume was 6,896,140 . The stock had closed at $18.80 on the previous day.
The company shares have dropped -11.41% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $21.59 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $19.29 and the 200 Day Moving Average price is recorded at $18.67.
On the companys insider trading activities, Schenkel Amintore, officer (Chief Acct. Officer) of Western Union Co, unloaded 28,816 shares at an average price of $20.13 on April 19, 2016. The total amount of the transaction was worth $580,066, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Compass Point initiates coverage on Western Union Company (The) (NYSE:WU). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Compass Point announces a current price target of $20 per share. The rating by the firm was issued on April 15, 2016. Currently the company Insiders own 1.1% of Western Union Company (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.59% . During last six month period, the net percent change held by insiders has seen a change of -20.77%.
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.