« The Last Shall Be First | Main | Add Silver to the List »

Citi Slumps Post Split

If this keeps up, Citigroup may have to consider another reverse split.  In a move that was intended to raise the company's share price, Citigroup's 1:10 reverse stock split that took effect on Monday has only caused pain for shareholders.  The stock is now down 7% since the reverse split's effective date, and it is trading more than three standard deviations below its 50-day moving average.  You have to go all the way back to the early days of the Collapse in October 2007 to find a time when the stock was more oversold.

Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>