Moneygram International (MGI) in Focus: Stock Plunges 13.6% - Tale of the Tape - Euronet Worldwide (NASDAQ:EEFT)

Moneygram International Inc. MGI saw a big move last session, as the company's shares fell by nearly 14% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MGI, as the stock declined 31.2% since April 3.

Although this slump was obviously disappointing, Moneygram International has seen no positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for MGI. So make sure to keep an eye on this stock going forward to see if yesterday's price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.

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

Investors interested in the miscellaneous financial services industry may consider better-ranked stocks Apollo Residential Mortgage, Inc. AMTG, Euronet Worldwide Inc. EEFT and General Finance Corporation GFN. All these stocks carry a Zacks Rank #1 (Strong Buy).

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Moneygram International (MGI) in Focus: Stock Plunges 13.6% - Tale of the Tape