Shares of Moneygram International Inc. (Nasdaq: MGI) continued falling by plunging $2.01 to close at $12.80 after Wal-Mart Stores Inc. (NYSE: WMT) announced its entry into the money transfer service business last week. Wal-Mart stock edged down 6 cents to close at $77.60.
Moneygram Extends Losses
April 21, 2014 at 16:56 PM EDT