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Monitoring Citizens Financial Group Inc (CFG) after recent insider movements

Citizens Financial Group Inc’s recently made public that its Former Officer Read Craig Jack acquired Company’s shares for reported $0.16 million on Oct 16 ’24. In the deal valued at $44.11 per share,3,604 shares were bought.

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Then, Read Craig Jack sold 3,938 shares, generating $170,338 in total proceeds. Upon selling the shares at $43.26, the Controller now owns 33,620 shares.

Before that, Read Craig Jack sold 6,327 shares. Citizens Financial Group Inc shares valued at $213,220 were divested by the Controller at a price of $33.70 per share. As a result of the transaction, Read Craig Jack now holds 37,558 shares, worth roughly $1.54 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 Monday, Citizens Financial Group Inc [NYSE:CFG] saw its stock fall -3.32% to $41.06. Over the last five days, the stock has lost -5.11%. Citizens Financial Group Inc shares have risen nearly 23.90% since the year began. Nevertheless, the stocks have risen 65.03% over the past one year. While a 52-week high of $44.39 was reached on 10/15/24, a 52-week low of $22.77 was recorded on 02/13/24. SMA at 50 days reached $41.29, while 200 days put it at $36.55.

Levels Of Support And Resistance For CFG Stock

The 24-hour chart illustrates a support level at 40.46, which if violated will result in even more drops to 39.86. On the upside, there is a resistance level at 42.13. A further resistance level may holdings at 43.21. The Relative Strength Index (RSI) on the 14-day chart is 46.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.94%. Stochastics %K at 50.43% indicates the stock is a holding.

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.

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