Citigroup Inc. (NYSE:C) stock a recovers price gap left over from Monday's open as Citi continues nearly unrivaled with monthly gains
Citigroup Inc. (NYSE:C) stock has recovered Tuesday’s price gap as trading winds down for today’s trading session. The gap recovery was assisted by the largest spike of volume so far today, 3,935 shares just short of an even ten million at 3:21 P.M. Eastern. Support remains at the $4.72 price level, Citi continues to consolidate sideways at this time without much indication of trend direction.
Citi however is still providing more consistent monthly gains to investors since the beginning of 2009 than most other prominent banks. Citi has only experienced nine down months and the overall trend remains bullish. JPMorgan, and Bank of America on the other hand have both had 12 months of losses in comparison.
The only other bank with a large stature that can give Citi a run for the money happens to be Wells Fargo. WFC too has only had nine months of losses over the span of 26 months. The only bank of the four that is not granting dividends, of course, is Citi which has not issued a re-continuation as of yet.
Citigroup Inc. (C) has a market value of $140,748,068,805 at the time of writing with 29,050,169,000 shares outstanding. Citi has found an intermediate bottom on top of triple support for the time being granted that shares do not drop under any aforementioned support.