Notable News to Focus: MoneyGram International (NASDAQ:MGI)

MoneyGram International (NASDAQ:MGI) stock observed trading -67.01% off 52-week high price. On the other end, the stock has been noted 66.17% away from low price over the last 52-weeks. The stock disclosed a move of -23.56% away from 50 day moving average and -25.03% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.95% off 20-day moving average. It has market cap of $129.55M.

 On Jan. 6, 2020, MoneyGram International (NASDAQ:MGI) disclosed record-breaking online transaction growth during the holiday shopping season from its MoneyGram-branded online platforms. Between December 1 and December 25, MoneyGram-branded online platforms reported transaction growth of more than 70 percent on a year-over-year basis, with 80 percent of online transactions initiated on a mobile device. Outside of the US, online transactions during the holiday period increased nearly 120 percent on a year-over-year basis. Globally, all of the Company’s major online markets achieved double-digit transaction growth during the holiday period.

With evolving consumer behaviors driven by an estimated 3.2 billion smartphone users in addition to changing global migration flows, MoneyGram has focused on product and channel diversification by investing in both its digital business and in key international markets.

As part of our digital transformation, we’re on a mission to mobilize the movement of money, said Alex Holmes, MoneyGram Chairman and CEO. He added: The success of our mobile app throughout the year, and especially during this holiday season, demonstrates the value consumers place not only on our user experience, but also on our global distribution network. The USA based company MoneyGram International moved with change of 1.38% to $2.21 with the total traded volume of 1971981 shares in recent session versus to an average volume of 1.74M shares. The stock was observed in the 5 days activity at 3.27%. The one month performance of stock was -12.30%. MGI’s shares are at -45.02% for the quarter and driving a 2.31% return over the course of the past year and is now at 5.24% since this point in 2018.  Right now the stock beta is 2.61. The average volatility for the week and month was at 6.50% and 7.09% respectively. There are 58.62M shares outstanding and 53.66M shares are floated in market.

Leave a Reply

Your email address will not be published. Required fields are marked *