Rochester, NY 7/29/2009 7:32:16 AM
After Hours - Citigroup, Inc. C, Citigroup Making Market Jump Two Days After Exchange
Citigroup, Inc.
This is good news for Citigroup, its stock reach a huge trading volume Tuesday of 12% soon after the company issued new common shares in exchange for preferred stock held by investors.
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Recently, Citi’s stock reached as high as $3.01 in trading, closed up 28 cents, or 10.4% to $2.97. Also in regular trading, the company traded hands more than one billion compared to a three-month daily average volume of 278 million.
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