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Stocks Roundup: Citigroup Inc. (C), Exxon Mobil Corporation (XOM), Sprint Corporation (S)

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Citigroup Inc. (C) grew with the stock adding 0.02% or $0.01 to close at $60.23 on light trading volume of 13.45M compared its three months average trading volume of 21.02M. The New York New York 10013 based company operating under the Money Center Banks industry has been trending up for the last 52 weeks, with the shares price now 29.75% up for the period and up by 1.35% so far this year. With price target of $62.88 and a 75.88% rebound from 52-week low, Citigroup Inc. has plenty of upside potential, making it a hold with a view buy.

Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. It operates through two segments, Citicorp and Citi Holdings. The Citicorp segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. This segment also provides various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems. In addition, it offers wholesale banking products and services to corporate, institutional, public sector, and high-net-worth clients. Further, this segment provides fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance, and securities services. As of December 31, 2015, it operated 2,994 branches in 24 countries. The Citi Holdings segment provides consumer loans; portfolio of securities, loans, and other assets; and retail alternative investment and other services. Citigroup Inc. was founded in 1812 and is based in New York, New York.

Exxon Mobil Corporation (XOM) had a active trading with around 13.25M shares changing hands compared to its three month average trading volume of 10.56M. The stock traded between $85.91 and $87.31 before closing at the price of $85.93 with -1.28% change on the day. The Irving Texas 75039 based company is currently trading 24.34% above its 52 week low of $71.55 and -8.5% below its 52 week high of $95.55. Both the RSI indicator and target price of  and $88.36 respectively, lead us to believe that it could rise over the coming weeks.

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products. As of December 31, 2015, the company had approximately 35,909 gross and 30,114 net operated wells. Exxon Mobil Corporation was founded in 1870 and is headquartered in Irving, Texas.

Sprint Corporation (S) saw its value increase by 0.69% as the stock gained $0.06 to finish the day at a closing price of $8.76. The stock was lighter in trading and has fluctuated between $2.18-$9 per share for the past year. The shares, which traded within a range of $8.6 to $8.77 during the day, are up by 30.16% in the past three months and up by 81.74% over the past six months. It is currently trading 2.81% above its 20 day moving average and 12.56% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $7.28 a share over the next twelve months. The current relative strength index (RSI) reading is 61.76.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Sprint Corporation, through its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates in two segments, Wireless and Wireline. The Wireless segment offers wireless data communication services, including mobile productivity applications, such as Internet access, messaging, and email services; wireless photo and video offerings; location-based capabilities comprising asset and fleet management, dispatch services, and navigation tools; and mobile entertainment applications. It also provides wireless voice communications services that include local and long-distance wireless voice services, as well as voicemail, call waiting, three-way calling, caller identification, directory assistance, and call forwarding services. In addition, this segment offers voice and data services internationally through roaming arrangements; and customized wireless services to large companies and government agencies, as well as sells wireless devices, broadband devices, connected devices, and accessories to agents and other third-party distributors. The Wireline segment provides wireline voice and data communications, including domestic and international data communications using various protocols, such as multiprotocol label switching technologies, Internet protocol (IP), managed network services, Voice over IP, session initiated protocol, and traditional voice services to other communications companies, and targeted business and consumer subscribers, as well as for cable multiple system operators. Sprint Corporation offers its services under the Sprint, Boost Mobile, Virgin Mobile, and Assurance Wireless brands. The company was founded in 1899 and is headquartered in Overland Park, Kansas. Sprint Corporation is a subsidiary of SoftBank Group Corp.

 

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