Shares of Citigroup (C) Rally 5.6%

Citigroup (C) has been under a strong bear grip, hence the stock is down -0.01% 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 4.04% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.6% in the last 1 week, and is up 4.36% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.3% and the 50-Day Moving Average is 1.32%.

Citigroup (NYSE:C): The stock opened at $45.00 on Friday but the bulls could not build on the opening and the stock topped out at $45.03 for the day. The stock traded down to $43.85 during the day, due to lack of any buying support eventually closed down at $44.33 with a loss of -0.27% for the day. The stock had closed at $44.45 on the previous day. The total traded volume was 29,198,761 shares.


The company Insiders own 0.13% of Citigroup shares according to the proxy statements. Institutional Investors own 72.34% of Citigroup shares. During last six month period, the net percent change held by insiders has seen a change of 2.82%. 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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