Citizens Financial Group Inc [CFG] Controller makes an insider purchase of 4,508 shares worth 0.15 million.


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 $151,198 were sold by Read Craig Jack on Mar 05 ’24. At $33.54 per share, Read Craig Jack sold 4,508 shares. The insider’s holdings dropped to 43,885 shares worth approximately $1.51 million following the completion of this transaction.

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Also, Lillis Terrance purchased 1,000 shares, netting a total of over 22,865 in proceeds. Following the buying of shares at $22.86 each, the insider now holds 4,000 shares.

Before that, Lillis Terrance had added 1,000 shares to its account. In a trade valued at $26,390, the Director bought Citizens Financial Group Inc shares for $26.39 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $0.1 million.

As published in a research note from Citigroup on February 05, 2024, Citizens Financial Group Inc [CFG] has been rated up from a Neutral to a Buy and the price target has been revised to $36. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early January. As of December 04, 2023, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for CFG. Earlier on October 25, 2023, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for CFG stock which previously was a “an Overweight”.

Analyzing CFG Stock Performance

During the last five days, there has been a surge of approximately 2.21%. Over the course of the year, Citizens Financial Group Inc shares have jumped approximately 3.50%. Shares of the company reached a 52-week high of $34.79 on 03/08/24 and a 52-week low of $30.24 on 02/13/24. A 50-day SMA is recorded $32.39, while a 200-day SMA reached $29.02. Nevertheless, trading volume fell to 3.61 million shares from 5.65 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 34.01, which, if violated, would cause prices to drop to 33.73. In the upper region, resistance lies at 34.61. The next price resistance is at 34.93. RSI (Relative Strength Index) is 66.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.60, which suggests the price will increase in the coming days. Percent R is at 10.90%, indicating bullish price movement. Stochastics %K at selling 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 Feb 29, 2024 jumping by 1.07 million shares to 21.23 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 20.16 million shares. A jump of 5.04% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.41 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.41.

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