In a filing, Citizens Financial Group Inc revealed its Controller Read Craig Jack unloaded Company’s shares for reported $0.17 million on Jul 25 ’24. In the deal valued at $43.26 per share,3,938 shares were sold. As a result of this transaction, Read Craig Jack now holds 33,620 shares worth roughly $1.43 million.
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Then, Read Craig Jack sold 6,327 shares, generating $213,220 in total proceeds. Upon selling the shares at $33.70, the Controller now owns 37,558 shares.
Before that, Read Craig Jack sold 4,508 shares. Citizens Financial Group Inc shares valued at $151,198 were divested by the Controller at a price of $33.54 per share. As a result of the transaction, Read Craig Jack now holds 43,885 shares, worth roughly $1.87 million.
Raymond James initiated its Citizens Financial Group Inc [CFG] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in late April from “a Neutral” to “an Overweight”. Citigroup also remained covering CFG and has increased its forecast on February 05, 2024 with a “Buy” recommendation from previously “Neutral” rating. Barclays revised its rating on January 02, 2024. It rated CFG as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of CFG
On Friday, Citizens Financial Group Inc [NYSE:CFG] saw its stock jump 3.17% to $42.61. Over the last five days, the stock has gained 3.47%. Citizens Financial Group Inc shares have risen nearly 28.58% since the year began. Nevertheless, the stocks have risen 59.29% over the past one year. While a 52-week high of $43.96 was reached on 07/26/24, a 52-week low of $22.77 was recorded on 02/13/24. SMA at 50 days reached $40.88, while 200 days put it at $36.27.
Levels Of Support And Resistance For CFG Stock
The 24-hour chart illustrates a support level at 41.80, which if violated will result in even more drops to 40.99. On the upside, there is a resistance level at 43.11. A further resistance level may holdings at 43.61. The Relative Strength Index (RSI) on the 14-day chart is 62.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.43%. Stochastics %K at 82.15% indicates the stock is a selling.
How much short interest is there in Citizens Financial Group Inc?
A steep rise in short interest was recorded in Citizens Financial Group Inc stocks on 2024-09-30, growing by 2.75 million shares to a total of 14.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.53 million shares. There was a rise of 19.23%, which implies that there is a positive sentiment for the stock.
