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Is Moneygram International Inc (MGI) a Stock to Watch After Losing 0.00% This Week?

Tuesday, May 16, 2023 01:27 PM | InvestorsObserver Analysts

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Is Moneygram International Inc (MGI) a Stock to Watch After Losing 0.00% This Week?

The market has been high on Moneygram International Inc (MGI) stock recently. MGI gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Moneygram International Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MGI!

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With MGI Stock Today?

Moneygram International Inc (MGI) stock is flat -0.05% while the S&P 500 has fallen -0.27% as of 1:16 PM on Tuesday, May 16. MGI is flat $0.00 from the previous closing price of $10.94 on volume of 1,490,597 shares. Over the past year the S&P 500 has risen 2.92% while MGI is higher by 15.52%. MGI earned $0.34 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 32.19. To see InvestorsObserver's Sentiment Score for Moneygram International Inc click here.

More About Moneygram International Inc

MoneyGram International Inc offers products and services under its two reporting segments; Global Funds Transfer, which is the core revenue generator, and Financial Paper Products. The Global Funds Transfer segment provides global money transfer services and bill payment services to consumers. It primarily offers services through third-party agents, including retail chains, independent retailers, post offices and other financial institutions. The company also offer Digital solutions such as moneygram.com, mobile solutions, account deposit and kiosk-based services. The Financial Paper Products segment provides official check outsourcing services and money orders through financial institutions and agent locations. The group operates in the United States and other countries. Click Here to get the full Stock Report for Moneygram International Inc stock.

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