Top NYSE Stock Movers (Citigroup Inc., Ford, General Electric)
Citigroup Inc. (NYSE:C) slid 0.60% to $4.16. Last week, an arbitration panel has ordered Citigroup Inc. to pay out more than $11 million following allegations that it mishandled the accounts of “Dallas” actor Larry Hagman. Arbitrators told Citi to pay Hagman around $1.1 million in compensation and to hand a further $10 million to the charity of his choice.
Over the past 52-week, the stock had traded within the range of $3.11-$5.07 and is up more than 25% year-to-date.
Ford Motor Company (NYSE:F) fell 1.60% to $13.56. Moody’s Investors Service said Friday it raised the ratings on Ford Motor Co. and Ford Motor Credit Co. based on operating performance.
Moody’s raised Ford’s corporate family rating to Ba2 from B1, and the corporate family rating and senior unsecured ratings on the automaker’s credit arm to Ba2 from Ba3. The outlook is stable.
General Electric Company (NYSE:GE) added 0.53% to $17.05. Last week, Reuters reported that Wellstream Holdings PLC had rejected a GBP755 million ($1.2 billion) takeover approach from GE, fuelling speculation the British oil services company was talking to other suitors.
At current market price, the market capitalization of the company stood at $182.29 billion.
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