Citigroup Inc. (C) continued its downward trend with the stock declining -1.27% or $-0.73 to close the day at $56.66 on active trading volume of 24.92M shares, compared to its three month average trading volume of 21.4M. The New York New York 10013 based company has been outperforming the money center banks group over the past 52 weeks, with the stock gaining 41.23%, compared to the industry which has advanced 13.88% over the same period. With RSI of 35.2, the stock should still continue to rise and get closer to its one year target estimate of $64.31, making it a hold for now.
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.
Sprint Corporation (S) climbed 2.75% during last trading as the stock added $0.24 to finish the day at $8.97 with about 23.76M shares changing hands, compared to its three month average trading volume of 19.33M. The $35.09B market cap company, which fluctuated between $8.78 and $9.1 during the day, currently situated 311.47% above its 52 week low of $2.34 and -0.33% away from its one year high of $9.1. The RSI of 64.47 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
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.
Netflix, Inc. (NFLX) saw its value increase by 3.86% as the stock gained $5.15 to finish the day at a closing price of $138.41. The stock was higher in trading and has fluctuated between $79.95-$143.46 per share for the past year. The shares are up by 16.52% in the past three months and up by 57.45% over the past six months. It is currently trading 7.64% above its 20 day moving average and 12.3% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $125.3 a share over the next twelve months. The current relative strength index (RSI) reading is 74.38. The technical indicator do not lead us to believe the stock will see more gains any time soon.
Netflix, Inc., an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. The company operates in three segments: Domestic streaming, International streaming and Domestic DVD. It offer members with the ability to receive TV shows and movies streaming content, including original series, documentaries, and feature films through a host of Internet-connected screens, such as TVs, digital video players, TV set-top boxes, and mobile devices. The company also provides DVDs-by-mail membership services. As of October 17, 2016, it served approximately 86 million streaming members in 190 countries. Netflix, Inc. was founded in 1997 and is headquartered in Los Gatos, California.