Moneygram International Inc (MGI) Stock: What Does the Chart Say Wednesday?

Wednesday, May 31, 2023 03:53 PM | InvestorsObserver Analysts

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Moneygram International Inc (MGI) Stock: What Does the Chart Say Wednesday?

Overall market sentiment has been high on Moneygram International Inc (MGI) stock lately. MGI receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

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

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 higher by 0.05% while the S&P 500 is lower by -0.33% as of 3:41 PM on Wednesday, May 31. MGI is up $0.01 from the previous closing price of $10.99 on volume of 1,568,879 shares. Over the past year the S&P 500 has risen 1.44% while MGI is up 9.13%. MGI earned $0.34 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 32.35.

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.