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Wolfe Research downgrades Western Union Company (WU) rating to an Underperform

Western Union Company’s recently made public 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 $0.6 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 -1.28% to $10.76. Over the last five days, the stock has lost -0.37%. Western Union Company shares have fallen nearly -9.73% since the year began. Nevertheless, the stocks have fallen -10.56% over the past one year. While a 52-week high of $14.19 was reached on 03/08/24, a 52-week low of $10.51 was recorded on 11/12/24. SMA at 50 days reached $11.11, while 200 days put it at $12.28.

Levels Of Support And Resistance For WU Stock

The 24-hour chart illustrates a support level at 10.65, which if violated will result in even more drops to 10.54. On the upside, there is a resistance level at 10.87. A further resistance level may holdings at 10.97. The Relative Strength Index (RSI) on the 14-day chart is 42.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.70%. Stochastics %K at 29.72% 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 2024-11-29, dropping by -0.96 million shares to a total of 19.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 20.59 million shares. There was a decline of -4.9%, which implies that there is a negative sentiment for the stock.

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