This Morning's Technical Outlook on Credit Services Stocks -- China Commercial Credit, LM Funding America, Blackhawk Network, and MoneyGram Intl.
NEW YORK, Feb. 1, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on CCCR, LMFA, HAWK, and MGI which can be accessed for free by signing up to www.wallstequities.com/registration. WallStEquities.com takes a closer look at the Credit Services space, which comprises companies that originate, acquire, and service loans to individuals and corporations. Under assessment this morning are: China Commercial Credit Inc. (NASDAQ: CCCR), LM Funding America Inc. (NASDAQ: LMFA), Blackhawk Network Holdings Inc. (NASDAQ: HAWK), and MoneyGram International Inc. (NASDAQ: MGI). All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration
China Commercial Credit
Wujiang, China-based China Commercial Credit Inc.'s shares declined 1.18%, closing Wednesday's trading session at $1.67. The stock recorded a trading volume of 186,158 shares. The Company's shares have surged 21.01% in the last month and 46.49% over the past year. The stock is trading 28.79% below its 50-day moving average. Additionally, shares of the Company, which through its subsidiaries, operates as a microcredit company in China, have a Relative Strength Index (RSI) of 40.10. Get the full research report on CCCR for free by clicking below at: www.wallstequities.com/registration/?symbol=CCCR
LM Funding America
On Wednesday, shares in Tampa, Florida-based LM Funding America Inc. recorded a trading volume of 2.60 million shares, which was above their three months average volume of 1.47 million shares. The stock dropped 2.73%, ending the day at $1.78. The Company's shares have advanced 12.66% in the past month. The stock is trading below its 50-day moving average by 13.63%. Furthermore, shares of the Company, which through its subsidiary, LM Funding, LLC, operates as a specialty finance company, have an RSI of 52.13.
On January 24th, 2018, LM Funding America (LMFA) announced that it has paid Heartland Bank of New York all of the principal and accrued interest, totaling $4.7 million dollars. The exchange resulted in the issuance of 2,676,378 shares. After giving effect to the issuance of such shares, LMFA had 5,976,378 shares of its common stock issued and outstanding as of January 23rd, 2017, and no outstanding secured debt obligations. LMFA's complimentary research coverage is a few simple steps away at: www.wallstequities.com/registration/?symbol=LMFA
Blackhawk Network Holdings
Pleasanton, California headquartered Blackhawk Network Holdings Inc.'s stock finished the day 0.33% higher at $45.45 with a total trading volume of 1.69 million shares. The Company's shares have surged 27.49% in the last month, 36.08% in the previous three months, and 27.31% over the past year. The stock is trading above its 50-day and 200-day moving averages by 20.84% and 11.95%, respectively. Additionally, shares of Blackhawk Network Holdings have an RSI of 71.45.
On January 29th, 2018, Blackhawk Network Holdings (HAWK) announced that it has partnered with Casey's General Stores, Inc. to enable the retailer to offer Amazon Cash to its shoppers, who do not have a bank account or prefer not to use debit or credit cards for purchases. Leveraging HAWK's technology, Casey's General Stores rolled out Amazon Cash across the Midwest on January 01st, 2018.
On January 31st, 2018, research firm SunTrust downgraded the Company's stock rating from 'Buy' to 'Hold'. Register for your free research report on HAWK at: www.wallstequities.com/registration/?symbol=HAWK
MoneyGram International
Shares in Dallas, Texas-based MoneyGram International Inc. ended yesterday's session 0.66% lower at $12.08. The stock recorded a trading volume of 617,663 shares. The Company's shares are trading 8.50% below their 50-day moving average. Moreover, shares of MoneyGram, which together with its subsidiaries, provides money transfer services in the US and internationally, have an RSI of 37.18.
On January 24th, 2018, MoneyGram announced that its digital channel, MoneyGram.com, is now available to customers sending money from France and Spain. The Company's website enables customers to stay financially connected with their loved ones in over 200 countries and territories with just a few clicks on a mobile device or a tablet. Wall St. Equities' downloadable research report on MGI available at: www.wallstequities.com/registration/?symbol=MGI
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