Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes fromFinra
Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
The latest deal is expected to help WEX strengthen its business-to-business payments venture in Australia.
WEX today announced its collaboration with online business management platform MYOB to deliver B2B payments for Australian businesses.
What happened Shares of WEX (NYSE: WEX) rose 17.5% in December, according to data provided by S&P Global Market Intelligence. The company completed a major acquisition during the month at a reduced price, and Wall Street loved it.
WEX remains focused on long-term organic growth through prudent investments in sales and marketing, and technology.
WEX has signed a multi-year extension of services with LUKOIL North America LLC.
Moody's Investors Service, ("Moody's") said that the completion of the acquisition of eNett International (Jersey) Limited and Optal Limited is credit positive for WEX Inc. (Ba2 Negative), but has no immediate ratings implications. Given the new purchase price, and WEX's own $1 billion corporate cash balance at 30 September 2020, the acquisition will likely not require any new debt and will leave WEX with robust liquidity, including $818 million availability under the firm's corporate revolver ...
Shares of WEX (NYSE: WEX) popped as much as 10% today after the company completed its acquisition of eNett and Optal. WEX, a fintech company that specializes in corporate payment cards and maintaining vehicle fleets, had tried to back out of the acquisition in May, citing the "material adverse effect" that the pandemic was having on eNett and Optal. The transaction was originally designed to expand WEX's position in the corporate travel market, which was decimated by the COVID-19 pandemic.
WEX Inc. (NYSE:WEX), a leading financial technology service provider, today announced the completion of its previously announced agreement to acquire eNett, a leading provider of B2B payments solutions, and Optal, a company that specializes in optimizing B2B transactions. WEX paid total consideration of approximately $577.5 million, funded from cash on hand. Though visibility remains limited due to COVID-19, WEX expects the impact of the acquisition on adjusted net income will be immaterial thro...