Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Citizens Financial Group Inc. shares valued at $3,899,627 were sold by Cummings Kevin on Feb 10. At $43.00 per share, Cummings Kevin sold 90,689 shares. The insider’s holdings dropped to 455,789 shares worth approximately $14.85 million following the completion of this transaction.
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Also, Cummings Kevin sold 81,151 shares, netting a total of over 3,603,104 in proceeds. Following the sale of shares at $44.40 each, the insider now holds 455,789 shares.
Before that, Lillis Terrance had added 1,000 shares to its account. In a trade valued at $41,310, the Director bought Citizens Financial Group Inc. shares for $41.31 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $65180.00000000001.
As published in a research note from Wedbush on January 03, 2023, Citizens Financial Group Inc. [CFG] has been rated down from an Outperform to a Neutral and the price target has been revised to $45. This represents a 27.58% premium over Thursday’s closing price. Analysts at DA Davidson started covering the stock with ‘”a Buy”‘ outlook in a report released in late December.
Analyzing CFG Stock Performance
On Thursday, Citizens Financial Group Inc. [NYSE: CFG] rose 3.43% to $32.59. The stock’s lowest price that day was $30.83, but it reached a high of $33.51 in the same session. During the last five days, there has been a drop of approximately -8.84%. Over the course of the year, Citizens Financial Group Inc. shares have dropped approximately -17.22%. Shares of the company reached a 52-week high of $44.82 on 02/03/23 and a 52-week low of $29.72 on 03/13/23. A 50-day SMA is recorded $40.96, while a 200-day SMA reached $38.72. Nevertheless, trading volume fell to 14.91 million shares from 13.17 million shares the previous day.
Support And Resistance Levels for Citizens Financial Group Inc. (CFG)
According to the 24-hour chart, there is a support level at 31.11, which, if violated, would cause prices to drop to 29.63. In the upper region, resistance lies at 33.79. The next price resistance is at 34.99. RSI (Relative Strength Index) is 26.24 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.20, which suggests the price will decrease in the coming days. Percent R is at 77.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Citizens Financial Group Inc. subject to short interest?
Stocks of Citizens Financial Group Inc. saw a sharp rise in short interest on Jan 12, 2023 jumping by 4.14 million shares to 10.7 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 6.56 million shares. A jump of 38.69% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.2 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.2.
Which companies own the most shares of Citizens Financial Group Inc. (CFG)?
According to The Vanguard Group, Inc. filings, the company currently owns 56,067,228 shares, which is about 11.58% of the total CFG shares outstanding. The investor’s shares have appreciated by 370,274 from its previous 13-F filing of 55696954.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,251,434,323. SSgA Funds Management, Inc. reduced a -2.89% interest valued at $1.06 billion while Capital Research & Management Co sold a -1,270,320 stake. A total of 915,994 shares of Citizens Financial Group Inc. were sold by Amundi Asset Management US, Inc. during the quarter, and -108,366 were sold by Invesco Advisers, Inc. In its current portfolio, Charles Schwab Investment Managem holds 11,311,671 shares valued at $472.38 million.