The Western Union Company (NYSE)
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30.07.2024
After a decline from April through June, with prices dipping by 12.7% to $12.16 per share, Western Union (WU) stocks have started to rebound, reaching $12.83 by the end of July. They have also charted a Head and Shoulders pattern, indicating potential upside.
Weak financial performance in Q2 2024 has already been priced in, with Wall Street expecting Q2 EPS to drop by 13.7% YoY and revenues to tumble by 9.4% YoY. This suggests that the stock is unlikely to decline further. If WU's financial performance meets or exceeds consensus expectations, prices could continue to rise in August.
There is a 16.5% upside potential, targeting $14.00-15.00 per share, with a secure stop loss placed at $10.70.
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The Western Union Company (NYSE)
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices. The Business Solutions segment provides payment and foreign exchange solutions, primarily cross-border and cross-currency transactions for small and medium size enterprises, other organizations, and individuals; and foreign currency forward and option contracts. It also offers bill payment services that facilitates payments from consumers to businesses and other organizations, as well as offers money order and other services. The company was founded in 1851 and is headquartered in Denver, Colorado.
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| Ticker | WU |
| Contract value | 100 shares |
| Maximum leverage | 1:5 |
Swaps history
| Date | Short Swap (%) | Long Swap (%) | No data |
|---|
| Minimum transaction volume | 0.01 lot |
| Maximum transaction volume | 100 lots |
| Hedging margin | 50% |
Margin requirements
| USD Exposure | Max Leverage Applied | Floating Margin |
|---|
