Cramer Thinks U.S. Could Be Readying Sale of Citigroup (C) Shares
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Price: $137.24 -0.35%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2%
Revenue Growth %: +7.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2%
Revenue Growth %: +7.5%
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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.
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