MGI - MoneyGram International, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
2.6700
-0.2600 (-8.87%)
At close: 4:00PM EDT

2.6999 +0.03 (1.12%)
After hours: 7:48PM EDT

Stock chart is not supported by your current browser
Previous Close2.9300
Open2.9700
Bid2.6600 x 3100
Ask2.6800 x 4000
Day's Range2.5700 - 2.9954
52 Week Range1.3300 - 7.1900
Volume7,261,250
Avg. Volume1,782,457
Market Cap144.26M
Beta (3Y Monthly)2.55
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2007-12-12
1y Target EstN/A
Trade prices are not sourced from all markets
  • Ripple invests $30 million in Moneygram
    Yahoo Finance Video3 days ago

    Ripple invests $30 million in Moneygram

    Moneygram stock gets a boost on news that Ripple is investing $30 million in the company. Ripple can buy another $20 million at a minimum price of $4.10 over the next two years.  Moneygram will now use Ripple's xRapid products to process cross-border payments and this shot of life comes as the stock had dropped from $7 a share at this time last year to $1.45 as of Monday's close. Yahoo Finance’s Dan Roberts, Myles Udland, and Heidi Chung discuss Moneygram’s moves on Tuesday.

  • Moneygram soars after Ripple investment, Pinterest shares rise
    Yahoo Finance Video3 days ago

    Moneygram soars after Ripple investment, Pinterest shares rise

    Shares of Pinterest are seeing a pop after Wedbush initiated Pinterest, saying it's 'different than other social media platforms'. Moneygram is also up 130% after the company announced its teaming up with cryptocurrency company Ripple. Yahoo Finance's Ines Ferre breaks down the market action live from the NYSE.

  • Ripple executive on blockchain startup’s outlook: ‘We’re planning aggressive growth’
    American City Business Journals2 days ago

    Ripple executive on blockchain startup’s outlook: ‘We’re planning aggressive growth’

    San Francisco-based Ripple sees a deal to buy about 10 percent of MoneyGram for $30 million as a means to expand a key part of its operations.

  • Why MoneyGram International Stock Sank Today
    Motley Fool2 days ago

    Why MoneyGram International Stock Sank Today

    Shares pulled back sharply following Tuesday's torrid gains.

  • American City Business Journals2 days ago

    Pressured MoneyGram finds needed $50M deal from cryptocurrency company Ripple

    Moneygram's stock had fallen from nearly $18 in April 2017 before recently trading at less than $1.50. It has more than doubled after the deal with Ripple was announced.

  • Implied Volatility Surging for MoneyGram (MGI) Stock Options
    Zacks2 days ago

    Implied Volatility Surging for MoneyGram (MGI) Stock Options

    Investors need to pay close attention to MoneyGram (MGI) stock based on the movements in the options market lately.

  • TheStreet.com3 days ago

    Stocks End Up on News of Trump/Xi G-20 Meeting

    Stocks ended up Tuesday after President Trump said he will meet with Chinese President Xi Jinping at the G-20 meeting.

  • TheStreet.com3 days ago

    MoneyGram Soars on $50M Investment From Blockchain Startup Ripple

    Ripple, the company behind the XRP cryptocurrency, said it has agreed to buy $30 million of MoneyGram shares and warrants to buy stock at $4.10 a share. In a strategic partnership, Ripple will become @MoneyGram's global partner for cross-border payment and foreign exchange settlement, using XRP. last week announced that it was developing its own cryptocurrency and payment system called Libra, backed by a consortium of large industry players and investment firms.

  • MoneyGram, Ripple Tie Up to Enhance Cross-Border Payments
    Zacks3 days ago

    MoneyGram, Ripple Tie Up to Enhance Cross-Border Payments

    MoneyGram's (MGI) partnership with Ripple is likely to enhance its cross-border payments business and boost revenue growth.

  • MoneyGram News: MGI Stock Skyrockets on Ripple Deal
    InvestorPlace3 days ago

    MoneyGram News: MGI Stock Skyrockets on Ripple Deal

    MoneyGram news about a deal with Ripple has MGI stock flying high on Tuesday.Source: Shutterstock MoneyGram (NASDAQ:MGI) says that the deal with Ripple will have the two companies working together on the cross-border payment process. This will be possible through the use of Ripple's xRapid product.The MoneyGram news also includes an investment in the company from Ripple. This has Ripple investing $30 million into the company. This comes in the form of newly-issued shares of MGI stock and warrants to purchase additional shares.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoneyGram notes that the investment has Ripple purchasing the shares of MGI stock at $4.10. This represents a roughly 182% premium over the closing price of MGI stock on Monday. It is also above the stock's highest price of $3.66 for the current year.An additional part of the deal allows Ripple to purchase more MGI stock or warrants. This deal lets the company make purchase up to $20 million worth of stock or warrants for as little as the $4.10 price. * 5 Stocks to Buy for $20 or Less "We are very pleased with the terms of the Ripple investment which supports the Company with permanent capital and additional liquidity," Larry Angelilli, CFO of MoneyGram, said in a statement. "This partnership also provides MoneyGram with the opportunity to improve operating efficiencies and increase earnings and free cash flow."MGI stock was up 102% as of noon Tuesday, but is down 60% since the start of the year. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post MoneyGram News: MGI Stock Skyrockets on Ripple Deal appeared first on InvestorPlace.

  • Barrons.com3 days ago

    MoneyGram Stock Doubled Because Ripple Will Invest Up to $50 Million

    Ripple, a startup behind the XRP cryptocurrency, agreed to invest up to $50 million in MoneyGram International, in a deal that stands to rank among the first crypto-based company investments in a major U.S. publicly listed firm.

  • Why MoneyGram Stock Rose Over 155% on Ripple Investment
    Market Realist3 days ago

    Why MoneyGram Stock Rose Over 155% on Ripple Investment

    Today at 8:55 AM ET, MoneyGram International (MGI) stock had soared by over 155% for the day to $3.70 in the premarket session. These massive gains came after the company announced its strategic partnership with blockchain company Ripple.

  • Here’s Why MoneyGram International Is Up More Than 100% Today
    Motley Fool3 days ago

    Here’s Why MoneyGram International Is Up More Than 100% Today

    The payment company’s stock has literally doubled overnight. What happened?

  • Moneygram Options Volume Explodes After Blockchain Deal
    Schaeffer's Investment Research3 days ago

    Moneygram Options Volume Explodes After Blockchain Deal

    The penny stock has almost doubled in value today

  • MoneyGram Surges 155% as Crypto Hype Feels a Bit Like 2017
    Bloomberg3 days ago

    MoneyGram Surges 155% as Crypto Hype Feels a Bit Like 2017

    (Bloomberg) -- MoneyGram International Inc. soared as much as 155% in early trading after a tie-up with blockchain-technology company Ripple. The rally is reminiscent of late 2017, when a wave of small-cap stocks saw valuations multiply as they re-branded as blockchain companies.The difference is that MoneyGram is an established company with about 2,400 staff and $1.4 billion in annual revenue, not a re-branded unprofitable iced tea-maker or a three-man I.T. firm based out of a business park in Essex, England. Not to mention that Ripple’s deal comes with real money: it invested $30 million in shares and warrants and has an option to invest a further $20 million.Ripple’s investment will see it become MoneyGram’s main partner for cross-border transactions using digital assets, reducing operating costs and working capital requirements, the company said in a statement on Monday. MoneyGram shares gained with almost fourteen times the three-month daily average volume of shares traded in the first ten minutes after the market open.“The tie-up with MoneyGram and Ripple underscores two key points -- first, investment into and from the blockchain and cryptocurrency sector is coming off the sidelines,” said Nigel Green, chief executive of independent financial consultancy Devere Group. “Second, the impact of this flow is being welcomed by investors in a broader sense.”Facebook Inc.’s plans for a new currency that it hopes will one day trade on a global scale, much like the U.S. dollar, are further propelling blockchain and cryptocurrencies into the mainstream. Shares of the social-media giant are up 1.4% after it unveiled details of Libra, which will launch as soon as next year.Bitcoin climbed past $9,000 to its highest since May 2018 on Monday, and traded at about $9,200 as of 11:45 a.m. in London on Tuesday. At the same time, prominent Bitcoin bull Thomas Lee said that the digital currency is primed for a “Fear Of Missing Out” rally that could see it hit as high as $40,000 within a few months.(Updates with current trading.)To contact the reporter on this story: Joe Easton in London at jeaston7@bloomberg.netTo contact the editors responsible for this story: Beth Mellor at bmellor@bloomberg.net, Felice MaranzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Dow Jones Futures: ECB Vow, Facebook Cryptocurrency Spur Stock Market Rally; MoneyGram Skyrockets
    Investor's Business Daily3 days ago

    Dow Jones Futures: ECB Vow, Facebook Cryptocurrency Spur Stock Market Rally; MoneyGram Skyrockets

    A dovish ECB and a Facebook cryptocurrency spurred a jump in stock futures. MoneyGram leapt on a Ripple alliance.

  • TheStreet.com3 days ago

    Facebook, Federal Reserve, MoneyGram, E-Cigarettes - 5 Things You Must Know

    U.S. stock futures were rising on Tuesday and European stocks turned higher as investors reacted to comments from European Central Bank President Mario Draghi that suggested further monetary easing just hours ahead of the start of the Federal Reserve's two-day policy meeting. Draghi laid the foundation for a potential re-opening of the ECB's controversial quantitative easing program, telling a conference in Portugal on Tuesday that the bank has room to buy more bonds in order to stoke inflation in the currency area. As for the Fed, traders are pricing in only a 20% chance of a rate cut from Chairman Jerome Powell and the Federal Open Markets Committee, with the balance of bets on a move in July that would take the key target rate to a range of 2% to 2.25%.

  • Benzinga3 days ago

    MoneyGram Shares Up 130% After Partnering With Ripple

    Blockchain payments firm Ripple has made an investment in MoneyGram International, Inc. (NASDAQ: MGI) and will also allow the group to use its XRP cryptocurrency as part of the cross-border payments process. Ripple made an initial investment of $30 million in the money transfer company, made up of common stock and a warrant to purchase common stock. Ripple purchased newly-issued common stock including the shares underlying the warrant from MoneyGram at $4.10 per share.

  • MoneyGram and blockchain company Ripple strike a deal that has MoneyGram stock jumping
    MarketWatch3 days ago

    MoneyGram and blockchain company Ripple strike a deal that has MoneyGram stock jumping

    MoneyGram International Inc. is officially getting on the blockchain, and will be rewarded handsomely by a prominent company in the cryptocurrency space.

  • Investing.com3 days ago

    Stocks - Boeing, Facebook, Beyond Meat Rise Premarket; Oracle Falls

    Investing.com - Stocks in focus in premarket trading on Tuesday:

  • Financial Times3 days ago

    Will Facebook’s Libra currency shake up financial services?

    Facebook’s first big foray into the financial world raised an immediate question: how deeply will its new digital currency shake up traditional financial services? Facebook’s vision promises a world where banks and other payment providers are disintermediated by Libra, which would allow instant, near-free international money transfers.

  • Financial Times3 days ago

    MoneyGram shares more than double on Ripple deal

    Shares in MoneyGram more than doubled on Tuesday on news that it had expanded a partnership with cryptocurrency and blockchain start-up Ripple, which agreed to invest up to $50m in the company. Ripple said it made an initial investment of $30m to acquire MoneyGram shares and a warrant to buy common stock. The price, at $4.10 a share, reflected a significant premium over MoneyGram’s closing price of $1.45 on Monday.

  • After Hours: Costco Hits All-Time High, MoneyGram Meets Cryptocurrency
    Motley Fool3 days ago

    After Hours: Costco Hits All-Time High, MoneyGram Meets Cryptocurrency

    Investors are betting that the big, popular store will survive the retail apocalypse. Plus, the market obviously likes MoneyGram's new strategic investor.

  • Bloomberg4 days ago

    MoneyGram Doubles After Blockchain Startup Ripple Buys Stake

    (Bloomberg) -- MoneyGram International Inc. soared in extended trading on Monday after blockchain-technology company Ripple purchased a stake and entered a partnership for international money transfers.Ripple invested $30 million in shares and warrants at $4.10 a share and has an option to buy $20 million in additional shares or warrants at the same minimum price, according to a statement. MoneyGram will use Ripple’s xRapid product as part of its cross-border payment process in a partnership that has an initial term of two years. The stock surged as much as 148% to $3.60. Larger rival Western Union Co. gained 2.2% post-market.“As the payments industry evolves, we are focused on continuing to improve our platform and utilizing the best technology as part of our overall settlement process,” MoneyGram Chief Executive Officer Alex Holmes said in the statement.MoneyGram began working with Ripple early last year on a pilot project. The Dallas-based company had seen its shares fall nearly 70% since a third-quarter revenue miss in November.To contact the reporter on this story: Jeran Wittenstein in San Francisco at jwittenstei1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Jeremy R. CookeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.