Shares of the money transfer company MoneyGram International (NASDAQ: MGI) rose as much as 18% at one point this morning, as the company prepares to report earnings from the fourth quarter of 2020.
Following the company's third-quarter earnings report last October, shares of MoneyGram rose significantly. Investors may be thinking the same thing will happen when the company reports its fourth-quarter earnings on Friday, Feb. 19., triggering the early rise.
Image source: Getty Images.
For further details see:
Why Shares of MoneyGram Are Enjoying a Midweek Bump