Western Union Company (The) (WU) Moves Higher on Volume Spike for March 15

Equities Staff  |

Western Union Company (The) (WU) traded on unusually high volume on Mar. 15, as the stock gained 0.88% to close at $18.35. On the day, Western Union Company (The) saw 14.33 million shares trade hands on 24,328 trades. Considering that the stock averages only a daily volume of 6.5 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $21.37 and $16.42 over the last 52-weeks, its 50-day SMA is now $17.71, and its 200-day SMA $18.39. Western Union Company (The) has a P/B ratio of -25.85. It also has a P/E ratio of 9.8.

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 two companies with a truly global agent network, with MoneyGram being the other.

Headquartered in Denver, CO, Western Union Company (The) has 12,000 employees and is currently under the leadership of CEO Hikmet Ersek.

For a complete fundamental analysis analysis of Western Union Company (The), check out Equities.com’s Stock Valuation Analysis report for WU.

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To get more information on Western Union Company (The) and to follow the company’s latest updates, you can visit the company’s profile page here: WU’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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