|Bid||2.6800 x 2200|
|Ask||2.6900 x 1800|
|Day's Range||2.3200 - 2.7500|
|52 Week Range||1.3300 - 7.0500|
|Beta (3Y Monthly)||2.55|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 16, 2017 - Mar 17, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.83|
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.
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.
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.
(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 email@example.comTo contact the editors responsible for this story: Beth Mellor at firstname.lastname@example.org, Felice MaranzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A dovish ECB and a Facebook cryptocurrency spurred a jump in stock futures. MoneyGram leapt on a Ripple alliance.
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%.
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 International Inc. is officially getting on the blockchain, and will be rewarded handsomely by a prominent company in the cryptocurrency space.