Western Union Company (NYSE:WU) is trading at unusually high volume Wednesday with 19.5 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 83 cents (+5.6%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Western Union Company (NYSE: WU) is trading at unusually high volume Wednesday with 19.5 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 83 cents (+5.6%) at $15.64 as of 4 p.m. ET.
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Western Union has a market cap of $8.19 billion and is part of the financial sector and financial services industry. Shares are up 8.8% year to date as of the close of trading on Tuesday. The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations. The company has a P/E ratio of 8.7, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Western Union as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Western Union Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.