KD Logo

Keefe Bruyette upgrades Citigroup Inc (C) rating to an Outperform

Citigroup Inc’s recent filing unveils that its Director Henry Peter B. unloaded Company’s shares for reported $0.91 million on Nov 11 ’24. In the deal valued at $69.97 per share,13,000 shares were sold. As a result of this transaction, Henry Peter B. now holds 3,023 shares worth roughly $0.21 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, Peter B. Henry bought 13,000 shares, generating $908,355 in total proceeds.

Before that, LUCHETTI GONZALO sold 13,254 shares. Citigroup Inc shares valued at $816,314 were divested by the Head of U.S. Personal Banking at a price of $61.59 per share. As a result of the transaction, LUCHETTI GONZALO now holds 88,966 shares, worth roughly $6.33 million.

Keefe Bruyette upgraded its Citigroup Inc [C] rating to an Outperform from a a Mkt perform in a research note published on December 03, 2024; the price target was increased to $82 from $70. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who remained covering the stock and in early April has reiterated a ‘”an In-line”‘ rating for it. Wells Fargo also remained covering C and reiterated its “an Overweight” recommendation on March 25, 2024. Goldman revised its rating on March 14, 2024. It rated C as “a Buy” which previously was an “a Neutral”.

Price Performance Review of C

On Tuesday, Citigroup Inc [NYSE:C] saw its stock fall -0.52% to $71.12. Over the last five days, the stock has lost -1.90%. Citigroup Inc shares have risen nearly 38.26% since the year began. Nevertheless, the stocks have risen 42.73% over the past one year. While a 52-week high of $73.38 was reached on 12/10/24, a 52-week low of $49.17 was recorded on 01/18/24. SMA at 50 days reached $67.47, while 200 days put it at $62.95.

Levels Of Support And Resistance For C Stock

The 24-hour chart illustrates a support level at 70.83, which if violated will result in even more drops to 70.55. On the upside, there is a resistance level at 71.38. A further resistance level may holdings at 71.63. The Relative Strength Index (RSI) on the 14-day chart is 57.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.75%. Stochastics %K at 44.69% indicates the stock is a holding.

How much short interest is there in Citigroup Inc?

A steep rise in short interest was recorded in Citigroup Inc stocks on 2024-11-29, growing by 2.4 million shares to a total of 32.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 30.5 million shares. There was a rise of 7.29%, which implies that there is a positive sentiment for the stock.

Most Popular