Alert: Positive Investment/Fundamental Signals (12/14/23)-Citigroup Inc (NYSE: C)


Recent exceptional positive changes in investment behavior have benefitted Citigroup Inc (NYSE: C): the stock rose on very heavy volume, and positive upside/downside volume developed.

Citigroup Inc (NYSE: C) has benefited from important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, C is expected to continue to be a Value Builder.

Citigroup has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Citigroup has a very high Appreciation Score of 99 but a neutral Power Rating of 46, producing the Positive Value Trend Rating.

Recent Price Action

Citigroup Inc (NYSE: C) stock closed at $50.24 on 12/14/23 after an increase of 1.8%. Moreover, this advance was accompanied by exceptionally high trading volume at 274% of normal. The stock has risen 5.0% during the last week and has performed in line with the market over the last nine months.

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