Citigroup (C) : The total negative money flow of $21.43 million on Tuesday indicates selling on strength. The inflow of money on upticks was $120.05 million, compared to $141.47 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.85. The negative money flow of $26.01 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.94 million in a block trade.The transaction value of block trade on downtick was $27.94 million. The uptick to downtick ratio was 0.07. The price action in the Citigroup (C) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $47.9 with a gain of $0.64 , a change of 1.35% over the previous days close. The stock registered 1.68% for the week.
Also, Berenberg initiates coverage on Citigroup (NYSE:C) In a research note issued to the investors, the brokerage major announces price-target of $50 per share.The shares have been rated Buy. The rating by the firm was issued on July 13, 2016.
Shares of Citigroup Inc. rose by 2.81% in the last five trading days and 10.32% for the last 4 weeks. Citigroup Inc. is up 2.42% in the last 3-month period. Year-to-Date the stock performance stands at -6.89%.
Citigroup (NYSE:C): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.22 and $47.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.90, notching a gain of 1.35% for the day. The total traded volume was 17,519,795 . The stock had closed at $47.26 on the previous day.
In a related news,The officer (Head of Human Resources) of Citigroup Inc, Murray Joseph Michael sold 8,122 shares at $44.35 on July 20, 2016. The Insider selling transaction had a total value worth of $360,211. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.