Shares of Citizens Financial Group (CFG) Sees Large Outflow of Money

Citizens Financial Group (CFG) : Net money flow in Citizens Financial Group (CFG) was negative ($2.83 million) and the inflow of money on uptick was $3.41 million, whereas, the outflow of money on downticks amounted to $6.24 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.55. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $2.78 million. The money flow in block trades was negative ($2.78). Citizens Financial Group (CFG) gained $0.38 cent during the day and reached $19.37, a gain of 1.97% over the previous day.


Citizens Financial Group (CFG) : The consensus price target for Citizens Financial Group (CFG) is $27.3 for the short term with a standard deviation of $2.22. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $33, however, the pessimist price target for the company is $24. The stock has recorded a 20-day Moving Average of 6.71% and the 50-Day Moving Average is 11.8%.

Citizens Financial Group (NYSE:CFG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.99 and $18.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.42, notching a gain of 2.26% for the day. The total traded volume was 8,140,393 . The stock had closed at $18.99 on the previous day.

Citizens Financial Group, Inc. is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates approximately 1,200 branches in an 11-state footprint across the New England, Mid-Atlantic and Midwest regions. The Company serves the financial needs of customers and prospects through its online, telephone and mobile banking platforms. It also maintains over 100 retail and commercial non-branch offices located both in the Companys banking footprint and in eleven other states and the District of Columbia. The Company operates in two segments: Consumer Banking and Commercial Banking. The Companys subsidiaries are Citizens Bank, N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).

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.