Large Inflow of Money Detected in Citigroup

Citigroup (C) : Citigroup (C) had a healthy money flow of $2.13 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $89.1 million, whereas, investors only sold shares worth $86.97 million on downticks. The stock closed the day with an up-down ratio of 1.02.The money flow in the block trades to the tune of $5.84 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $20.18 million worth of transactions were on upticks. A paltry $14.34 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 1.41. Citigroup (C) stock slid $0.03 intraday and traded at 44.32, a change of -0.07% over previous days close. However, for the week, the company shares are -0.02% compared to previous weeks close.


Also, Berenberg initiates coverage on Citigroup (NYSE:C) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $50 per share. The rating by the firm was issued on July 13, 2016.

Citigroup (NYSE:C): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.53 and $44.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.47, notching a gain of 0.27% for the day. The total traded volume was 16,547,139 . The stock had closed at $44.35 on the previous day.

The stock has recorded a 20-day Moving Average of 4.9% and the 50-Day Moving Average is 1.64%. In a related news, The Securities and Exchange Commission has divulged that Rodin Judith, director of Citigroup Inc, had unloaded 036 shares at an average price of $45.8 in a transaction dated on May 24, 2016. The total value of the transaction was worth $1,649.

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.

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