The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Citizens Financial Group Inc shares valued at $158,972 were purchased by Read Craig Jack on Oct 16 ’24. At $44.11 per share, Read Craig Jack acquired 3,604 shares.
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Also, Read Craig Jack sold 3,938 shares, netting a total of over 170,338 in proceeds. Following the sale of shares at $43.26 each, the insider now holds 33,620 shares.
Before that, Read Craig Jack had sold 6,327 shares from its account. In a trade valued at $213,220, the Controller traded Citizens Financial Group Inc shares for $33.70 each. Upon closing the transaction, the insider’s holdings decreased to 6,327 shares, worth approximately $1.59 million.
As published in their initiating research note from Raymond James on July 11, 2024, Citizens Financial Group Inc [CFG] has been a Mkt perform. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in late April. As of February 05, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for CFG. Earlier on January 02, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” 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 2.27%. Over the course of the year, Citizens Financial Group Inc shares have jumped approximately 27.97%. Shares of the company reached a 52-week high of $44.39 on 10/15/24 and a 52-week low of $30.24 on 02/13/24. A 50-day SMA is recorded $41.13, while a 200-day SMA reached $36.41. Nevertheless, trading volume fell to 9.65 million shares from 5.53 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 41.15, which, if violated, would cause prices to drop to 39.89. In the upper region, resistance lies at 43.95. The next price resistance is at 45.49. RSI (Relative Strength Index) is 57.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.63, which suggests the price will increase in the coming days. Percent R is at 39.21%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
