Price Action To Observe: Is Moneygram International Inc a Buy? The Stock Reaches 52-Week High Today

Price Action To Observe: Is Moneygram International Inc a Buy? The Stock Reaches 52 Week High Today

The stock of Moneygram International Inc (NASDAQ:MGI) hit a new 52-week high and has $16.32 target or 54.00% above today’s $10.60 share price. The 7 months bullish chart indicates low risk for the $605.85 million company. The 1-year high was reported on Nov, 17 by If the $16.32 price target is reached, the company will be worth $327.16M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 287,995 shares traded hands or 106.84% up from the average. Moneygram International Inc (NASDAQ:MGI) has risen 65.29% since April 15, 2016 and is uptrending. It has outperformed by 60.67% the S&P500.

Moneygram International Inc (NASDAQ:MGI) Ratings Coverage

Out of 3 analysts covering Moneygram International (NASDAQ:MGI), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. Moneygram International has been the topic of 3 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Compass Point maintained the shares of MGI in a report on Monday, November 2 with “Neutral” rating. Evercore upgraded the stock to “Sell” rating in Monday, August 3 report.

According to Zacks Investment Research, “MoneyGram International, Inc. is a leading global payment services company and S&P MidCap company. The company’s major products and services include global money transfers, money orders and payment processing solutions for financial institutions and retail customers.”

Insitutional Activity: The institutional sentiment decreased to 1.24 in 2016 Q2. Its down 0.25, from 1.49 in 2016Q1. The ratio dived, as 8 funds sold all Moneygram International Inc shares owned while 30 reduced positions. 13 funds bought stakes while 34 increased positions. They now own 25.63 million shares or 4.71% less from 26.90 million shares in 2016Q1.
Ny State Common Retirement Fund has invested 0% of its portfolio in Moneygram International Inc (NASDAQ:MGI). Employees Retirement Association Of Colorado owns 12,579 shares or 0% of their US portfolio. Neuberger Berman Group Llc accumulated 1.75M shares or 0.02% of the stock. Fuller Thaler Asset Management Inc has invested 0.02% of its portfolio in Moneygram International Inc (NASDAQ:MGI). Parametric Port Limited Liability, a Washington-based fund reported 177,128 shares. Teacher Retirement System Of Texas holds 0% or 4,104 shares in its portfolio. Blackrock Fund holds 0% or 764,008 shares in its portfolio. Bankshares Of New York Mellon Corp holds 0% or 201,547 shares in its portfolio. Bnp Paribas Arbitrage Sa reported 1,194 shares or 0% of all its holdings. Tower Research Cap Ltd Liability Corp (Trc) accumulated 4 shares or 0% of the stock. Ent Fin Svcs Corporation holds 0% or 15 shares in its portfolio. Product Ptnrs Ltd last reported 0.01% of its portfolio in the stock. Lapides Asset Mgmt Limited Com has 0.9% invested in the company for 712,200 shares. Renaissance Technology accumulated 322,691 shares or 0% of the stock. Rhumbline Advisers holds 0% of its portfolio in Moneygram International Inc (NASDAQ:MGI) for 37,630 shares.

Insider Transactions: Since August 3, 2016, the stock had 1 insider purchase, and 1 sale for $29,620 net activity. On Monday, November 14 Villareal Andres sold $39,280 worth of the stock or 4,000 shares. Shares for $9,660 were bought by Rafferty Michael P on Wednesday, August 3.

More notable recent Moneygram International Inc (NASDAQ:MGI) news were published by: which released: “MoneyGram: More Than Just A Trump Effect” on November 16, 2016, also with their article: “MoneyGram Unveils MoneyGram Kameleonâ„¢” published on October 20, 2016, published: “MoneyGram International Reports Second Quarter 2016 Financial Results” on July 29, 2016. More interesting news about Moneygram International Inc (NASDAQ:MGI) were released by: and their article: “Why Brocade Communications Systems, Inc. (BRCD), Davita Inc (DVA) and …” published on October 31, 2016 as well as‘s news article titled: “MoneyGram Launches new Online Money Transfer Service Platform with Walmart” with publication date: September 06, 2016.

MGI Company Profile

MoneyGram International, Inc. (MoneyGram), incorporated on December 18, 2003, is a well-known provider of money transfer services. The Firm operates through two divisions: Global Funds Transfer and Financial Paper Products. The Firm offers its services under the MoneyGram brand. The Company’s offerings include money transfers, bill payment services, money order services and official check processing. The Company’s money transfer services enable its clients to send and receive funds across the world through its global network of locations. The Firm also offers Digital/Self-Service solutions, such as, mobile solutions, account deposit and kiosk services. It has approximately one primary customer care center in Warsaw, Poland, with regional support centers providing ancillary services and additional call center services in various countries.

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