The Western Union Company (WU - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $18.80 to $19.59 in the past one-month time frame.
The upside was driven by rumors that the company might adopt a new payment processing blockchain technology from Ripple XRP.
The company has not seen any estimate revisions over the past month and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Western Union currently has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
A better-ranked stock in the Financial Transaction Services industry is FleetCor Technologies, Inc. (FLT - 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.
Is WU going up? Or down? Predict to see what others think: Up or Down
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>