Large Outflow of Money Witnessed in Citigroup

Citigroup (C) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (9.9 million) in Citigroup (C). On Wednesday, The value of composite uptick trades was $86.9 million, whereas, the value of composite downtick trades was $96.8 million and the ratio between the two was 0.9, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $21.56 million. $10.54 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.49. The negative money flow of ($11.02 million) shows selling on strength. Citigroup (C) gained $0.5 intraday at $46.87 and registrered 1.08% for the week.


Citigroup Inc. has lost 0.06% in the last five trading days and dropped 0.83% in the last 4 weeks. Citigroup Inc. is up 11.68% in the last 3-month period. Year-to-Date the stock performance stands at -8.89%.

Citigroup (C) : 11 brokerage houses believe that Citigroup (C) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Citigroup (C). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 1.63.

Citigroup (NYSE:C): The stock opened at $46.58 and touched an intraday high of $46.91 on Wednesday. During the day, the stock corrected to an intraday low of $46.1, however, the bulls stepped in and pushed the price higher to close in the green at $46.87 with a gain of 1.08% for the day. The total traded volume for the day was 15,871,608. The stock had closed at $46.37 in the previous trading session.

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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