Moneygram International (MGI) has risen sharply, recording gains of 0.15% in the past 4 weeks. However, the stock has corrected -1.58% in the past 1 week, providing a good buying opportunity on dips. Moneygram International (MGI) : During the past 4 weeks, traders have been relatively bearish on Moneygram International (MGI), hence the stock is down -2.28% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2% relative to the S&P 500.
Moneygram International (NASDAQ:MGI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.69 and $6.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.85, notching a gain of 3.32% for the day. The total traded volume was 140,813 . The stock had closed at $6.63 on the previous day.
The stock has recorded a 20-day Moving Average of 3.97% and the 50-Day Moving Average is 2.02%. Moneygram International Inc. is up 14.55% in the last 3-month period. Year-to-Date the stock performance stands at 9.25%.
Moneygram International (MGI) : The highest short term price target forecast on Moneygram International (MGI) is $9 and the lowest target price is $6. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $7.67 with a standard deviation of $1.53.
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.