The Strategic Insider Buy
When company directors make significant purchases in their own company’s stock, it can signal confidence in the future of the business. One such noteworthy transaction was made by Timothy P. Murphy, a Director at Western Union Co (Symbol: WU), who invested a substantial $128.5K in the company.
The Insider Purchase Details
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 02/26/2024 | Timothy P. Murphy | Director | 10,000 | $12.85 | $128,499.00 |
Timothy P. Murphy’s calculated move translates to an average cost of $12.85 per share. At present, Western Union Co’s shares are priced at $13.67, indicating a marginal decline of approximately 0.7% on Tuesday.
Evaluating Stock Performance
Examining the performance of WU shares over the past year relative to its 200-day moving average can provide investors with valuable insights into the company’s trajectory.
Within the last 52 weeks, Western Union Co has seen its share price fluctuate from a low of $10.37 to a high of $14.1863, with the most recent trade at $13.67.
Understanding Dividend Trends
Western Union Co currently offers an annualized dividend of $0.94 per share, distributed in quarterly installments. Investors can refer to the long-term dividend history chart below to assess the sustainability of the recent dividend yield of approximately 6.8%.
Free Report: Top 8%+ Dividends (paid monthly)
Click here to find out which other top insider buys by company directors you need to know about »
Also see:
Institutional Holders of DLBL
MTDR Insider Buying
ETFs Holding RMBS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
