Western Union Company (The) (WU) Shares are Up 1.1%

Western Union Company (The) (WU) : Traders are bullish on Western Union Company (The) (WU) as it has outperformed the S&P 500 by a wide margin of 4.24% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.13%, 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 1.1% in the last 1 week, and is up 4.64% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The Western Union Company is up 11.06% in the last 3-month period. Year-to-Date the stock performance stands at 20.38%. The stock has recorded a 20-day Moving Average of 3.06% and the 50-Day Moving Average is 6.98%.


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 $21.00 and $20.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.20, notching a gain of 0.57% for the day. The total traded volume was 3,075,680 . The stock had closed at $21.08 on the previous day.

Also, Major Brokerage house, Citigroup maintains its ratings on Western Union Company (The) (NYSE:WU). In the latest research report, Citigroup raises the target price from $15.5 per share to $17 per share. According to the latest information available, the shares are now rated Sell by the analysts at the agency. The rating by the firm was issued on August 5, 2016.

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.

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