Investing in Western Union Company (WU) Is Getting More Attractive

Western Union Company’s recent filing unveils that its Director Murphy Timothy P. acquired Company’s shares for reported $0.13 million on Feb 26 ’24. In the deal valued at $12.85 per share,10,000 shares were bought. As a result of this transaction, Murphy Timothy P. now holds 56,205 shares worth roughly $0.77 million.

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Wolfe Research downgraded its Western Union Company [WU] rating to an Underperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in early December with a ‘”a Market perform”‘ rating. Wolfe Research revised its rating on April 20, 2023. It rated WU as “a Peer perform” which previously was an “an Underperform”.

Price Performance Review of WU

On Friday, Western Union Company [NYSE:WU] saw its stock fall -0.80% to $13.72. Over the last five days, the stock has gained 1.78%. Western Union Company shares have risen nearly 15.10% since the year began. Nevertheless, the stocks have risen 26.92% over the past one year. While a 52-week high of $14.19 was reached on 03/08/24, a 52-week low of $10.37 was recorded on 01/04/24. SMA at 50 days reached $12.93, while 200 days put it at $12.35. A total of 2.47 million shares were traded, compared to the trading of 3.48 million shares in the previous session.

Levels Of Support And Resistance For WU Stock

The 24-hour chart illustrates a support level at 13.62, which if violated will result in even more drops to 13.53. On the upside, there is a resistance level at 13.87. A further resistance level may holdings at 14.02. The Relative Strength Index (RSI) on the 14-day chart is 57.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.35%. Stochastics %K at 59.13% indicates the stock is a holding.

How much short interest is there in Western Union Company?

A steep rise in short interest was recorded in Western Union Company stocks on Feb 29, 2024, growing by 1.12 million shares to a total of 19.71 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 18.59 million shares. There was a rise of 5.68%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.61% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.45.

Western Union Company [WU] – Who Are The Largest Shareholders?

In filings from N/A, it is revealed that the company now owns N/A shares, or roughly N/A of the outstanding WU shares. .

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