5 Stocks Tumbling Today

Page 5 of 5

1. The Western Union Company (NYSE:WU) has dropped 12.75% as of 10:37 AM ET after the target price of the Denver, Colorado-based firm was lowered from $20 to $19 by Tien-Tsin Huang at JPMorgan. The analyst maintained an Underweight rating on The Western Union Company (NYSE:WU) stock. Huang highlighted that the company’s Q1 2022 results were adversely impacted by macro headwinds due to the suspension of services in Russia and Belarus.  The Western Union Company (NYSE:WU) saw its revenue decline by 4% YoY to $1.15 billion, which missed the consensus estimate of $1.14 billion. Furthermore, The Western Union Company (NYSE:WU) expects a revenue decline of 9% to 11% for the full year.

Out of the 924 hedge funds in Insider Monkey’s database, The Western Union Company (NYSE:WU) was owned by 28 hedge funds as of Q4 2021.

You can also take a peek at the 10 Tech Stocks to Buy Now According to Robert Pitts’ Steadfast Capital and 10 Favorite Stocks of Billionaire Izzy Englander.

Page 5 of 5