Stocks in Concern on New Development: The Western Union (NYSE:WU), Akebia Therapeutics (AKBA)

Several matter pinch shares of The Western Union Company (NYSE:WU) [Trend Analysis], as shares surging 2.31% to $22.13 with a share volume of 6.82 Million. The Western Union Company (WU) released that it is enhancing its existing relationship with Viber, a leading mobile messaging app with 754M unique users worldwide, by enabling Viber users in the UK to send money domestically and internationally to more than 200 countries and territories from the convenience of the Viber app. Western Union and Viber have created a money transfer experience that will start and complete within the chat interface of Viber, not only providing the convenience of never leaving the app, but also contextualizing money transfer within the personal relationships it supports. Earlier this year, both companies released Viber users in the United States could send money to more than 200 countries and territories worldwide. The stock is going forward its 52-week low with 41.59% and moving down from its 52-week high price with 1.84%. To have technical analysis views, liquidity ratio of a company, debt to equity ratio of 2.32. The float short ratio was 11.92%, as compared to sentiment indicator; Short Ratio was 14.60.

Shares of Akebia Therapeutics, Inc. (NASDAQ:AKBA) [Trend Analysis] runs in leading trade, it moving down -2.10% to traded at $8.38. The firm has price volatility of 3.78% for a week and 4.02% for a month. Sarraf Gentile LLP announces a class action lawsuit has been filed against Akebia Therapeutics, Inc. (NASDAQ: AKBA) concerning possible violations of federal securities laws on behalf of purchasers of the Company’s common stock.

The action is pending in Massachusetts State Superior Court for Suffolk County and is captioned Fortunato v. Akebia Therapeutics, et al., No. 15-2665. The complaint alleges that defendants issued materially false and misleading statements and/or omitted adverse information about the Company’s business and prospects. No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member. Sarraf Gentile LLP has not filed a lawsuit against the defendants. Narrow down four to firm performance, its weekly performance was -2.67% and monthly performance was 6.89%. The stock price of AKBA is moving down from its 20 days moving average with -4.06% and isolated negatively from 50 days moving average with -0.63%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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