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Taking a Closer Look At Citizens Financial Group Inc (CFG) Following Its Recent Trade

Citizens Financial Group Inc’s filing revealed that its 10% Owner Citizens Bank, National Associ acquired Company’s shares for reported $0.79 million on Nov 05 ’24. In the deal valued at $41.59 per share,18,878 shares were bought.

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Then, Read Craig Jack bought 3,604 shares, generating $158,972 in total proceeds.

Before that, Read Craig Jack sold 3,938 shares. Citizens Financial Group Inc shares valued at $170,338 were divested by the Controller at a price of $43.26 per share. As a result of the transaction, Read Craig Jack now holds 33,620 shares, worth roughly $1.62 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 Tuesday, Citizens Financial Group Inc [NYSE:CFG] saw its stock fall -0.74% to $48.10. Over the last five days, the stock has gained 4.45%. Citizens Financial Group Inc shares have risen nearly 45.14% since the year began. Nevertheless, the stocks have risen 82.20% over the past one year. While a 52-week high of $49.25 was reached on 11/25/24, a 52-week low of $26.13 was recorded on 02/13/24. SMA at 50 days reached $43.14, while 200 days put it at $38.14.

Levels Of Support And Resistance For CFG Stock

The 24-hour chart illustrates a support level at 47.86, which if violated will result in even more drops to 47.62. On the upside, there is a resistance level at 48.46. A further resistance level may holdings at 48.82. The Relative Strength Index (RSI) on the 14-day chart is 67.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.34%. Stochastics %K at 80.24% 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 2024-11-15, dropping by -6.18 million shares to a total of 12.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 18.43 million shares. There was a decline of -50.43%, which implies that there is a negative sentiment for the stock.

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