Citigroup stocks have had significant shifts recently, notably influenced by the investment decisions of Warren Buffett’s Berkshire Hathaway which exited its Citi position and reduced its stake in Bank of America. Despite the market uptick, Citigroup shares experienced a downturn, prompting discussions about possible underperformance in the financial services sector. Large number of shares were purchased by Viking Fund Management LLC, GAMMA Investing LLC, and other groups, while some, such as Armstrong Fleming & Moore Incorporated and Meyer Handelman Co., sold off large quantities. Noteworthy activity included Citigroup reducing its workforce in its two China tech centers, and the prediction of a bullish turn in U.S. stocks. The firm also adjusted its expectations on stocks such as Regeneron Pharmaceuticals and Broadcom. However, Citigroup's targets for Carnival Co. and Guidewire Software indicated anticipated strong price growth. The sell-off by Warren Buffet and his Berkshire Hathaway and the entry of other investors into Citigroup's stock puts the bank's stock in a complex dynamism that both retail and institutional investors must keenly track.
Citigroup Stocks News Analytics from Mon, 10 Mar 2025 07:00:00 GMT to Sat, 07 Jun 2025 10:33:02 GMT -
Rating 3
- Innovation -5
- Information 6
- Rumor -4
