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MoneyGram (MGI) Catches Eye: Stock Jumps 5.1%

Zacks Equity Research

MoneyGram International, Inc. MGI was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $2.14–$3.15 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came in after the company announced that it is extending its longstanding partnership with CVS.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

MoneyGram currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

MoneyGram International Inc. Price

MoneyGram International Inc. Price

MoneyGram International Inc. price | MoneyGram International Inc. Quote

Investors interested in the Financial - Miscellaneous Services industry may consider Moody's Corporation MCO, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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