Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Citigroup Inc shares valued at $816,314 were sold by LUCHETTI GONZALO on Aug 20 ’24. At $61.59 per share, LUCHETTI GONZALO sold 13,254 shares. The insider’s holdings dropped to 88,966 shares worth approximately $5.52 million following the completion of this transaction.
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Also, LUCHETTI GONZALO purchased 13,254 shares, netting a total of over 816,314 in proceeds.
Before that, Okpara Johnbull had sold 25,299 shares from its account. In a trade valued at $1,532,261, the Controller & Chief Acc Officer traded Citigroup Inc shares for $60.57 each. Upon closing the transaction, the insider’s holdings decreased to 25,299 shares, worth approximately $5.68 million.
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 surge of approximately 2.73%. Over the course of the year, Citigroup Inc shares have jumped approximately 20.59%. Shares of the company reached a 52-week high of $67.81 on 07/17/24 and a 52-week low of $50.51 on 01/18/24. A 50-day SMA is recorded $60.74, while a 200-day SMA reached $59.34. Nevertheless, trading volume fell to 7.36 million shares from 13.55 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 61.38, which, if violated, would cause prices to drop to 60.74. In the upper region, resistance lies at 62.60. The next price resistance is at 63.18. RSI (Relative Strength Index) is 54.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.09, which suggests the price will increase in the coming days. Percent R is at 19.86%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
