Where Will Moneygram International Inc (MGI) Stock Go Next After It Is Down 4.97% in a Week?

Tuesday, November 24, 2020 3:37 PM | InvestorsObserver Analysts

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

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With MGI Stock Today?

Moneygram International Inc (MGI) stock is down -8.09% while the S&P 500 has risen 0.57% as of 3:34 PM on Tuesday, Nov 24. MGI is down -$0.69 from the previous closing price of $8.53 on volume of 2,974,884 shares. Over the past year the S&P 500 is higher by 14.17% while MGI has risen 161.33%. MGI lost -$0.37 per share in the over the last 12 months.

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 Score Report on Moneygram International Inc (MGI) Stock.

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