MoneyGram International, Inc. (NASDAQ:MGI) has its shares plummet by -52.49% or $3.59 from its all-time high of $6.84, with MGI attaining that price back on September 05, 2018. The drop in the price of the shares saw it stand at $3.25 per share. MGI has been trading at a low of $1.33 over the past one year but it surged by 144.36% or $1.92 to reach the $3.25 mark. Following the massive rise in stock price, MGI received more attention from investors and analysts. On Monday, the stock dipped by -0.91%, which caused investors and analysts to worry about it. Following the plunge in price, the MGI beta stands at 2.94, implying that its volatility level has gone up by -1.94 ahead of the general market. A look at the stock’s 200-day moving average shows that it is 36.38% above while its 50-day moving average shows that it is currently 43.73% above. Compared to 9.77% average daily volatility of past month, the stock’s average volatility for this week has increased by 1.29 as the volatility level currently stands at 11.06%.
Over the past seven days, the stock has witnessed a price surge by 11.3%. This massive rise in stock price has caught the attention of both investors and market traders. The stock has performed poorly over the past 52 weeks, dropping by -46.9% during that time frame and is now up by 62.5% since this point this year. MGI has surged by 46.4% over the past 30 days, with its equity price gaining% of its value over the past ninety days. These figures add up to see the stock record a growth of 26.46% over the past six months.
Market analysts from research firms still remain bullish about the short-term performance of MGI. Most of them are of the view that the stock would be able to reach $2.83 over the next 12 months. If that happens, then the stock would witness a -12.92% fall in its price and that would see the stock’s market cap hit an astonishing $165 Million. Analysts view this stock as a bearish at the moment as its average rating is 3.3. According to Reuters, many of the 7 analysts covering the stock at the moment believe it is a Buy. 3 of them rated MGI as a Hold while 1 of them either rated it as a Buy or a Strong Buy. However, 3 of them advised investors to sell the stock if they have it or shouldn’t buy it if they don’t possess any.
The stock’s technical analysis reveals that its 14-day Relative Strength Index (RSI) is currently in a overbought position as it was able to attain 71.23 points. Over the past three months, the trading volume has jumped massively, by roughly ????118.45%???, with the trading volume now standing at 2983764 shares. The increase of 193764 shares in trading volume shows that traders and investors have shown more interest in the stock over the past few weeks. During that trading session, the average trading volume of MGI was 2790000 shares, which is more than 1.07 times higher than its usual trading volume.
Vector Group Ltd. has seen its stock (NYSE:VGR) surge by $0.21 or 1.86% to currently trade at $11.48. This rise in the price of the stock has seen it establish a strong support at $11.24 a share. If the stock price is to drop below that support level, then it would be followed by a bearish trend. A slip below $10.99 would be bad for VGR as it would mean that the stock has lost 4.27% of its value. The stock going in the opposite direction and breaking past the resistance point to reach $11.69 would see it surge even higher. VGR would attempt to surge past the upward resistance point which is set at $11.89 a share. VGR has an average volatility of 4.76% over the past 30 days, while it has gained 24.91% of its value compared to its 52-weeks low point which stands at $8.62 on May 28, 2019. In the same breath, VGR has lost 2.44% compared to its 52-weeks high point which currently stands at $11.2 a share reached on Aug 17, 2018.