Shares of Citigroup (C) Sees Large Outflow of Money

Citigroup (C) : Thursdays money flow analysis of Citigroup (C) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $123.73 million. In comparison, the inflow of money on upticks was a meager $121.36 million. The dollar value of composite uptick trades minus the downtick trades was negative $2.37 million. The uptick to downtick ratio of 0.98 in the money flow shows weakness. The uptick block trades were valued at $17.62 million. The downtick transaction value was high at $10.31 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 1.71. Hence, the net money flow in the stock was negative ($7.32 million). Citigroup (C) gained $0.21 at $41.27, a change of 0.51% over the previous days close.


Citigroup (C) : Currently there are 14 street experts covering Citigroup (C) stock. The most bullish and bearish price target for the stock is $70 and $45 respectively for the short term. The average price target of all the analysts comes to $56.93. The estimated standard deviation from the target is $7.4. The stock has recorded a 20-day Moving Average of 2.48% and the 50-Day Moving Average is 6.6%.

Citigroup (NYSE:C): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.33 and $41.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.29, notching a gain of 0.56% for the day. The total traded volume was 24,585,547 . The stock had closed at $41.06 on the previous day.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.