On February 26, MILES, Board Member at Western Union (NYSE:WU), executed a strategic insider move by acquiring stock options for 285,715 shares.
What Happened: Uncovered in a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission, MILES, Board Member at Western Union, executed an insider options move. This move consisted of acquiring stock options for 285,715 shares of WU, granting MILES the right to purchase the company’s stock at an exercise price of $10.64 per share.
The latest update on Thursday morning shows Western Union shares down by 0.0%, trading at $10.74. At this price, MILES’s 285,715 shares are worth $28,542.
Get to Know Western Union Better
Western Union provides domestic and international money transfers through its global network of about 600,000 outside agents. The company handled over 270 million transactions in 2023 and is the largest money transfer company in the world.
Unraveling the Financial Story of Western Union
Revenue Growth: Over the 3 months period, Western Union showcased positive performance, achieving a revenue growth rate of 0.56% as of 31 December, 2024. This reflects a substantial increase in the company’s top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth …
