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Do Traders Think Western Union Co (WU) Can Turn Around Friday?

Friday, October 27, 2023 03:26 PM | InvestorsObserver Analysts

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Do Traders Think Western Union Co (WU) Can Turn Around Friday?

Overall market sentiment has been down on Western Union Co (WU) stock lately. WU receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Western Union Co has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on WU!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With WU Stock Today?

Western Union Co (WU) stock is trading at $11.29 as of 3:14 PM on Friday, Oct 27, a drop of -$0.38, or -3.26% from the previous closing price of $11.67. The stock has traded between $11.19 and $11.90 so far today. Volume today is 5,810,783 compared to average volume of 4,763,027. To screen for more stocks like Western Union Co click here.

More About Western Union Co

Western Union provides domestic and international money transfers through its global network of about 500,000 outside agents. It is the largest money transfer company in the world and one of only a few companies with a truly global agent network. Click Here to get the full Stock Report for Western Union Co stock.

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