Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. The Western Union Company shares valued at $99,463 were purchased by JOERRES JEFFREY A on Nov 07. At $12.84 per share, JOERRES JEFFREY A acquired 7,745 shares. The insider’s holdings grew to 167,337 shares worth approximately $2.15 million following the completion of this transaction.
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Also, Cebollero David sold 587 shares, netting a total of over 10,214 in proceeds. Following the sale of shares at $17.40 each, the insider now holds 14,221 shares.
As published in a research note from UBS on October 28, 2022, The Western Union Company [WU] has been rated down from a Neutral to a Sell and the price target has been revised to $12. This represents a -7.17% premium over Wednesday’s closing price. As of July 20, 2022, Wolfe Research has decreased its “Peer perform” rating to a “an Underperform” for WU. Earlier on May 18, 2022, Goldman initiated its rating. Their recommendation was “a Sell” for WU stock.
Analyzing WU Stock Performance
On Wednesday, The Western Union Company [NYSE: WU] plunged -0.77% to $12.86. The stock’s lowest price that day was $12.81, but it reached a high of $13.04 in the same session. During the last five days, there has been a drop of approximately -4.39%. Over the course of the year, The Western Union Company shares have dropped approximately -6.61%. Shares of the company reached a 52-week high of $14.79 on 01/11/23 and a 52-week low of $12.81 on 03/01/23. A 50-day SMA is recorded $13.93, while a 200-day SMA reached $14.97. Nevertheless, trading volume fell to 7.05 million shares from 61.25 million shares the previous day.
Support And Resistance Levels for The Western Union Company (WU)
According to the 24-hour chart, there is a support level at 12.77, which, if violated, would cause prices to drop to 12.67. In the upper region, resistance lies at 13.00. The next price resistance is at 13.13. RSI (Relative Strength Index) is 29.34 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.69, which suggests the price will decrease in the coming days. Percent R is at 97.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is The Western Union Company subject to short interest?
Stocks of The Western Union Company saw a sharp rise in short interest on Jan 12, 2023 jumping by 1.01 million shares to 36.18 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 35.17 million shares. A jump of 2.79% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.06 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.06.
Which companies own the most shares of The Western Union Company (WU)?
According to BlackRock Fund Advisors filings, the company currently owns 53,480,624 shares, which is about 13.85% of the total WU shares outstanding. The investor’s shares have appreciated by 2,546,418 from its previous 13-F filing of 50934206.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $657,778,244. Capital Research & Management Co acquire a 8.77% interest valued at $270.77 million while SSgA Funds Management, Inc. purchased a 13,743 stake. A total of 1,509,663 shares of The Western Union Company were bought by Van Eck Associates Corp. during the quarter, and -314,495 were sold by Fidelity Management & Research Co. In its current portfolio, Jupiter Asset Management Ltd. holds 9,439,304 shares valued at $133.75 million.