Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Citigroup Inc shares valued at $909,675 were sold by Henry Peter B. on Nov 11 ’24. At $69.97 per share, Henry Peter B. sold 13,000 shares. The insider’s holdings dropped to 3,023 shares worth approximately $0.24 million following the completion of this transaction.
Also, Peter B. Henry purchased 13,000 shares, netting a total of over 908,355 in proceeds.
Before that, LUCHETTI GONZALO had sold 13,254 shares from its account. In a trade valued at $816,314, the Head of U.S. Personal Banking traded Citigroup Inc shares for $61.59 each. Upon closing the transaction, the insider’s holdings decreased to 13,254 shares, worth approximately $6.96 million.
As published in a research note from Barclays on January 06, 2025, Citigroup Inc [C] has been rated up from an Equal weight to an Overweight and the price target has been revised to $95 from $70. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early December. As of April 04, 2024, Evercore ISI has reiterated its “an In-line” rating for C. Earlier on March 25, 2024, Wells Fargo resumed its rating. Their recommendation was “an Overweight” for C stock.
Analyzing C Stock Performance
During the last five days, there has been a surge of approximately 6.23%. Over the course of the year, Citigroup Inc shares have jumped approximately 11.19%. Shares of the company reached a 52-week high of $79.25 on 01/15/25 and a 52-week low of $69.65 on 01/02/25. A 50-day SMA is recorded $70.25, while a 200-day SMA reached $64.06. Nevertheless, trading volume fell to 44.77 million shares from 19.58 million shares the previous day.
Support And Resistance Levels for Citigroup Inc (C)
According to the 24-hour chart, there is a support level at 76.34, which, if violated, would cause prices to drop to 74.40. In the upper region, resistance lies at 79.73. The next price resistance is at 81.18. RSI (Relative Strength Index) is 72.81 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.65, which suggests the price will increase in the coming days. Percent R is at 10.21%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
