Cramer Thinks U.S. Could Be Readying Sale of Citigroup (C) Shares
Tweet
Share
E-mailGet Alerts C Hot Sheet
Price: $137.79 +0.05%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2%
Revenue Growth %: +7.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2%
Revenue Growth %: +7.5%
Join SI Premium – FREE
On CNBC's Stop Trading Jim Cramer said the trading in Citigroup (NYSE: C) suggests to him that the U.S. government is preparing to unload their common share stake in the company.
The U.S. government owns 7,692,307,692 common shares of Citigroup, or 33.6% of outstanding shares. They may sell their stake at anytime, according to the company.
The U.S. government owns 7,692,307,692 common shares of Citigroup, or 33.6% of outstanding shares. They may sell their stake at anytime, according to the company.
You May Also Be Interested In
- Bessent: We Make A Market Buying Older Bonds
- Citi reiterates Buy rating on Klaviyo with $36 target post TMT conference
- Citi turns more bullish on trucking stocks
Create E-mail Alert Related Categories
Insiders' Blog, Rumors, Trader TalkRelated Entities
Jim Cramer, CitiSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
