Western Union (WU) Shakes Off Large Block Trade, Aims to Reverse Three-Day Slide

November 5, 2012 3:46 PM EST
Western Union (NYSE: WU) shares are active as an 824,000 block trade pushed the stock down through the $12.20 support level. Overall, shares are still up about 2.2 percent on the session Monday. Volume of 16.3 million shares is more than twice the trailing daily volume of 6.2 million.

Western Union has been hit since lowering its outlook following Q3 results on October 30th. The stock is trying to stem a three-session slide, with a bottom being hit at about the $12 level.

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