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Stock impact report

Investors Are Selling, But Is This Growth Stock Actually a Bargain? [Yahoo! Finance]

Western Union Company (The) (WU) 
Last western union company (the) earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Traditional players in the space include Western Union and MoneyGram, but no company is growing faster in the remittance space than Remitly Global (NASDAQ: RELY) , a digital-first fintech company that has grown quickly by expanding its addressable market within remittances and adding a premium, subscription-based tier. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Remitly went public in 2021, and the stock has mostly struggled since then despite delivering consistently strong growth. The stock is down by roughly two-thirds since it listed its shares for $43. A combination of slowing revenue growth, concerns about stricter immigration policy in the U.S., and minimal profits has weighed on the stock, even though management seems to be executing on its goals. For example, revenue rose 25% to $419.5 million on a 35% increase in send volume to $19.5 million w Show less Read more
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