Western Union's stock shoots up after deal to be in Walmart stores nationwide - MarketWatch

Shares of Western Union Co. WU, +1.25% shot up 8.5% in premarket trading Tuesday, after the money-movement company announced a new agreement with Walmart Inc. WMT, -1.59% in which money transfer services will be enabled at Walmart stores nationwide. Services available at Western Union's Walmart locations, which are expected to be available in the spring of 2021, will include domestic and international money transfers, bill payments and money orders. Western Union's stock has gained 1.1% over the past three months through Friday, while Walmart shares have tacked on 1.2% and the Dow Jones Industrial Average DJIA, -0.57% has advanced 9.3%.

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