Large Outflow of Money Witnessed in Citigroup

Citigroup (C) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($4.67 million) and the uptick to downtick ratio was 0.94. The transaction value on upticks was $68.23 million and on downticks, the transaction value was $72.9 million. In block trades, the transaction value of inflow done during uptick was $9.95 million. The transaction value of block trades during downticks was $17.84 million. The uptick to downtick block trade ratio was 0.56. The money flow was negative ($7.89 million), indicating the traders were booking profit on the price strength. Citigroup (C) rose $0.19 at $44.32, during intraday Friday , a rise of 0.43% over the previous days close.


Citigroup (C) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $65 and the lowest price target forecast is $45. The average forecast of all the analysts is $55.13 and the expected standard deviation is $6.44.

Citigroup (NYSE:C): stock turned positive on Friday. Though the stock opened at $44.1, the bulls momentum made the stock top out at $44.3601 level for the day. The stock recorded a low of $43.83 and closed the trading day at $44.3, in the green by 0.39%. The total traded volume for the day was 12,764,241. The stock had closed at $44.13 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Murray Joseph Michael, officer (Head of Human Resources) of Citigroup Inc, had unloaded 8,122 shares at an average price of $44.35 in a transaction dated on July 20, 2016. The total value of the transaction was worth $360,211.

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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