Citigroup (NYSE:C) has tumbled 3.23% during the past week and has dropped 5.39% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.07%. Citigroup (NYSE:C) has underperformed the index by 6.25% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Citigroup (NYSE:C): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.44 and $42.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.48, notching a gain of 0.85% for the day. The total traded volume was 25,113,413 . The stock had closed at $42.12 on the previous day.
The company shares have dropped -24.45% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $60.95 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $44.88 and the 200 Day Moving Average price is recorded at $44.74.
On the companys insider trading activities, Rodin Judith, director of Citigroup Inc, unloaded 036 shares at an average price of $45.8 on May 24, 2016. The total amount of the transaction was worth $1,649, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Keefe Bruyette & Woods downgrades their rating on the shares of Citigroup (NYSE:C). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. Equity Analysts at the Firm maintains the price target to $51 per share. The rating by the firm was issued on April 18, 2016. Currently the company Insiders own 0.13% of Citigroup shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.17% . Institutional Investors own 72.31% of Citigroup shares. During last six month period, the net percent change held by insiders has seen a change of 2.82%.
Citigroup Inc. (Citi) is a financial services holding company, whose businesses provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. The Company operates through two primary business segments: Citicorp and Citi Holdings. Citicorp consists of the operating businesses: Global Consumer Banking, which consists of consumer banking in North America, EMEA, Latin America and Asia, and Institutional Clients Group, which includes Banking and Markets and securities services. Citi Holdings contains businesses and portfolios of assets that Citi has determined are not central to its core Citicorp businesses. Citis consumer operations, as well as the consumer finance business in Korea and certain businesses in ICG form part of Citi Holdings.