|Bid||2.1600 x 900|
|Ask||2.1700 x 1300|
|Day's Range||2.1300 - 2.2200|
|52 Week Range||1.3300 - 7.0500|
|Beta (3Y Monthly)||3.44|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.83|
MoneyGram (NASDAQ: MGI) shares are trading higher after the company said it signed a partnership with Sentbe. Sentbe is a money transfer startup in South Korea. The partnership will make it the first MoneyGram virtual agent in the region.
SEOUL, South Korea, July 19, 2019 /PRNewswire/ -- MoneyGram (MGI) today signed a contract with Sentbe, one of the largest money transfer fintech companies in South Korea. The exciting new partnership makes Sentbe the first MoneyGram virtual agent in South Korea. The collaboration between Sentbe - which has accumulated billions of Korean Won worth of transactions as of July 2019 - and MoneyGram aligns with MoneyGram's goal of providing consumers with an expanded range of digital money transfer options. Sentbe is a financial technology startup based in South Korea, making cross-border person-to-person money transfer easier, faster, and cheaper through innovative technology.
Conference call scheduled for August 2 at 9:00 a.m. ET DALLAS , July 15, 2019 /PRNewswire/ -- MoneyGram (NASDAQ: MGI) will announce its second quarter 2019 financial results on Friday, August 2, 2019. Alex ...
Startup investor Greg Kidd sees Facebook Libra taking a page from Apple's playbook in bringing established players into the tent as both companies push deeper into payments.
Mastercard (MA), via its payment solution Mastercard Send and Evolve Bank & Trust, will enable funds readily available for gig workers.
After the Bitcoin price surged to its highest level since December 2017 on Wednesday, it fell sharply Thursday. The digital currency has been flashing signs of a possible climax run.
DALLAS , June 26, 2019 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) today reported that it has entered into a new first lien credit agreement and a new second lien credit agreement, each ...
MoneyGram (MGI) launches low-cost international remittance services in Canada to grab a larger share of its growing money-transfer market.
The groundbreaking partnership between Ripple and MoneyGram catalyzed the momentum sending XRP/USD past $0.46. Ripple recovery stalls within a tight range between the 61.8% Fibo and the 38.2% Fibo. XRP/USD ...
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.
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.
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 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.
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.
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.
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.