This Is What Whales Are Betting On Citigroup
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Citigroup (NYSE:C), with 69% of recent trades indicating bearish expectations. The trades include 3 puts totaling $502,605 and 10 calls totaling $401,857. The targeted price range for Citigroup over the last 3 months has been $32.5 to $65.0. The current price of Citigroup is $42.51, down 0.3%, and the RSI indicators suggest the stock may be oversold.
August 17, 2023 | 4:33 pm
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A significant investor has taken a bearish stance on Citigroup, with the majority of recent trades indicating bearish expectations. The stock may be oversold according to RSI indicators.
The bearish stance taken by a significant investor, combined with the majority of recent trades indicating bearish expectations, suggests a potential downward pressure on Citigroup's stock price in the short term. Additionally, the RSI indicators suggest the stock may be oversold, which could further contribute to a potential decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100