Company Shares of CIT Group Inc (DEL) (NYSE:CIT) Rally 3.27%

CIT Group Inc (DEL) (NYSE:CIT) has been under a strong bear grip, hence the stock is down -2.13% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.96% in the past 1 week. The stock has risen by 3.27% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.55% in the past 4 weeks.

The company shares have dropped -32.49% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $49.27 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $32.22 and the 200 Day Moving Average price is recorded at $32.42.

The stock has recorded a 20-day Moving Average of 4.29% and the 50-Day Moving Average is 0.42%.


CIT Group Inc (DEL) (NYSE:CIT): stock turned positive on Friday. Though the stock opened at $32.09, the bulls momentum made the stock top out at $33.1 level for the day. The stock recorded a low of $32.09 and closed the trading day at $32.54, in the green by 3.14%. The total traded volume for the day was 1,922,145. The stock had closed at $31.55 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Vice Chairman) of Cit Group Inc, Mnuchin Steven T, had purchased 80,000 shares in a transaction dated on February 11, 2016. The transaction was executed at $25.64 per share with total amount equaling $2,051,200.

CIT Group Inc. is a bank holding company (BHC), which provides financing, leasing and advisory services principally to middle market companies. The Company operates in two segments: Transportation and International Finance (TIF), provider of leasing and financing solutions to operators and suppliers in the global aviation and railcar industries, and North American Commercial Finance (NACF)., which consists of four divisions: Commercial Services, Corporate Finance, Equipment Finance and Real Estate Finance. Commercial Services provides factoring, receivable management products, and secured financing to businesses. Corporate Finance provides a range of financing options and offers advisory services to small and medium size companies. Equipment Finance provides leasing and equipment loan solutions to small businesses and middle market companies. Real Estate Finance provides senior secured commercial real estate loans to developers and other commercial real estate professionals.

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