The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Western Union Company shares valued at $128,499 were purchased by Murphy Timothy P. on Feb 26 ’24. At $12.85 per share, Murphy Timothy P. acquired 10,000 shares. The insider’s holdings grew to 56,205 shares worth approximately $0.77 million following the completion of this transaction.
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As published in a research note from Wolfe Research on January 04, 2024, Western Union Company [WU] has been rated down from a Peer perform to an Underperform. Analysts at BMO Capital Markets started covering the stock with ‘”a Market perform”‘ outlook in a report released in early December. Earlier on April 20, 2023, Wolfe Research upgraded its rating. Their new recommendation was “a Peer perform” for WU stock which previously was a “an Underperform”.
Analyzing WU Stock Performance
During the last five days, there has been a drop of approximately -0.07%. Over the course of the year, Western Union Company shares have jumped approximately 15.02%. Shares of the company reached a 52-week high of $14.19 on 03/08/24 and a 52-week low of $11.62 on 01/04/24. A 50-day SMA is recorded $13.02, while a 200-day SMA reached $12.37. Nevertheless, trading volume fell to 4.63 million shares from 2.32 million shares the previous day.
Support And Resistance Levels for Western Union Company (WU)
According to the 24-hour chart, there is a support level at 13.64, which, if violated, would cause prices to drop to 13.56. In the upper region, resistance lies at 13.81. The next price resistance is at 13.91. RSI (Relative Strength Index) is 57.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 45.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Western Union Company subject to short interest?
Stocks of Western Union Company saw a sharp rise in short interest on Feb 29, 2024 jumping by 1.12 million shares to 19.71 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 18.59 million shares. A jump of 5.68% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.45 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.45.
