Overall market sentiment has been down on Citigroup Inc (C) stock lately. C receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Citigroup Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on C!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With C Stock Today?
Citigroup Inc (C) stock is trading at $44.24 as of 2:33 PM on Tuesday, Dec 6, a drop of -$1.40, or -3.07% from the previous closing price of $45.64. The stock has traded between $44.21 and $45.89 so far today. Volume today is low. So far 11,693,942 shares have traded compared to average volume of 16,723,784 shares.
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More About Citigroup Inc
Citigroup is a global financial services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into two primary segments: the global consumer banking segment and the institutional clients group. The bank's primary operations are cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.
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