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MoneyGram (MGI) Catches Eye: Stock Jumps 7.9%

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MoneyGram International, Inc. (MGI - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 98% in the past one-month time frame.

The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for MoneyGram. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

MoneyGram currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the Financial - Miscellaneous Services industry is Axos Financial, Inc. (AX - Free Report) , which currently carries 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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MoneyGram International Inc. (MGI) - free report >>

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