Moneygram International (MGI) : Traders are bullish on Moneygram International (MGI) as it has outperformed the S&P 500 by a wide margin of 7.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.31%, 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 1.64% in the last 1 week, and is up 7.04% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 5.52% and the fifty day Moving Average is 5.1%. Moneygram International Inc. is up 14.79% in the last three month period. Year-to-Date the stock performance stands at 18.82%.
Moneygram International (MGI) stock is expected to deviate a maximum of $2.12 from the average target price of $7.5 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $9 and the most muted being $6.
Moneygram International (NASDAQ:MGI): stock turned positive on Friday. Though the stock opened at $7.28, the bulls momentum made the stock top out at $7.49 level for the day. The stock recorded a low of $6.99 and closed the trading day at $7.45, in the green by 1.92%. The total traded volume for the day was 80,748. The stock had closed at $7.31 in the previous days trading.
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.