Shares of Citigroup (C) Sees Large Outflow of Money

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 (131 million) in Citigroup (C). On Thursday, The value of composite uptick trades was $202.93 million, whereas, the value of composite downtick trades was $333.94 million and the ratio between the two was 0.61, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $177.36 million. $42.67 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.24. The negative money flow of ($134.69 million) shows selling on strength. Citigroup (C) gained $1.12 intraday at $44.45 and registrered 2.58% for the week.


The stock has recorded a 20-day Moving Average of 5.89% and the 50-Day Moving Average is 1.54%. Shares have dropped -23.86% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $60.95 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $43.53 and the 200 Day Moving Average price is recorded at $43.32.

Citigroup (NYSE:C): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.38 and $44.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.45, notching a gain of 2.58% for the day. The total traded volume was 37,093,643 . The stock had closed at $43.33 on the previous day.

In an insider trading activity, Rodin Judith, director of Citigroup Inc, unloaded 036 shares at an average price of $45.8 on May 24, 2016. The total amount of the transaction was worth $1,649, according to the disclosed information 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.

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