Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Citigroup Inc shares valued at $1,142,397 were sold by MORTON ANDREW JOHN on Oct 18 ’23. At $40.66 per share, MORTON ANDREW JOHN sold 28,096 shares. The insider’s holdings dropped to 410,060 shares worth approximately $23.91 million following the completion of this transaction.
As published in a research note from Evercore ISI on April 04, 2024, Citigroup Inc [C] has been retained to an In-line and the price target has been revised to $60. Analysts at Wells Fargo resumed the stock at ‘”an Overweight”‘ outlook in a report released in late March. As of March 14, 2024, Goldman has increased its “Neutral” rating to a “Buy” for C. Earlier on February 14, 2024, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for C stock which previously was a “a Neutral”.
Analyzing C Stock Performance
During the last five days, there has been a drop of approximately -3.94%. Over the course of the year, Citigroup Inc shares have jumped approximately 13.37%. Shares of the company reached a 52-week high of $63.90 on 04/01/24 and a 52-week low of $50.51 on 01/18/24. A 50-day SMA is recorded $58.01, while a 200-day SMA reached $48.74. Nevertheless, trading volume fell to 12.07 million shares from 15.97 million shares the previous day.
Support And Resistance Levels for Citigroup Inc (C)
According to the 24-hour chart, there is a support level at 57.84, which, if violated, would cause prices to drop to 57.37. In the upper region, resistance lies at 58.88. The next price resistance is at 59.45. RSI (Relative Strength Index) is 43.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.63, which suggests the price will decrease in the coming days. Percent R is at 77.93%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
