Among the biggest risers on the S&P 500 on Friday September 27 was Western Union Company (The) ($WU), popping some 2.72% to a price of $23.05 a share with some 9.22 million shares trading hands.
Starting the day trading at $22.82, Western Union Company (The) reached an intraday high of $23.20 and hit intraday lows of $22.77. Shares gained $0.61 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 423.89 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $16.42 to $24.09.
Western Union provides domestic and international money transfers through its global network of about 500,000 outside agents. It is the largest money transfer company in the world and one of only two companies with a truly global agent network, with MoneyGram being the other.
Western Union Company (The) has its corporate headquarters located in Denver, CO and employs 12,000 people. Its market cap has now risen to $9.77 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 329.29, and P/FCF n/a.
The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
