Some people who have a lot of money are betting on whether Citigroup's stock price will go up or down. They are doing this by buying or selling options, which are special contracts that give them the right to buy or sell shares at a certain price and within a certain time period. The big price range that these people are focusing on is between $40 and $70 per share. We are watching these big options trades because they can sometimes give us clues about what might happen to Citigroup's stock price in the future. Right now, the stock price is a little bit lower than it was before, but it is still in the middle of the price range that the big investors are interested in. Some experts think that Citigroup's stock price will go up to about $71 per share. Read from source...
Neutral
Article's Key Points:
1. Deep-pocketed investors have adopted a bullish approach towards Citigroup C, and it's something market players shouldn't ignore.
2. Benzinga's options scanner highlighted 21 extraordinary options activities for Citigroup.
3. The general mood among these heavyweight investors is divided, with 71% leaning bullish and 23% bearish.
4. Among these notable options, 4 are puts, totaling $1,062,686, and 17 are calls, amounting to $855,772.
5. The big players have been eyeing a price window from $40.0 to $70.0 for Citigroup during the past quarter.
6. Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions.
7. Currently trading with a volume of 2,893,388, the C's price is down by -1.43%, now at $64.25.
8. 5 market experts have recently issued ratings for this stock, with a consensus target price of $70.6.
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