Check Out What Whales Are Doing With Citigroup
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Citigroup (NYSE:C), with 75% of recent trades being bearish. The targeted price range for Citigroup over the last 3 months has been $35.0 to $65.0. The current price of Citigroup is $41.55, down 0.4%. RSI indicators suggest the stock may be oversold. Oppenheimer and Wells Fargo have maintained their Outperform and Overweight ratings on Citigroup, with price targets of $85 and $55 respectively.
August 30, 2023 | 4:01 pm
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Bearish stance taken on Citigroup with 75% of recent trades being bearish. The stock may be oversold. Oppenheimer and Wells Fargo have maintained their positive ratings on Citigroup, with price targets of $85 and $55 respectively.
The bearish stance taken by a significant investor, along with the fact that 75% of recent trades have been bearish, could negatively impact Citigroup's stock price in the short term. However, the positive ratings maintained by Oppenheimer and Wells Fargo, along with their price targets of $85 and $55 respectively, suggest potential for growth in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100