Citigroup's Stock May Rebound by 10%

Citigroup Inc. shares may be poised to rebound by about 10% based on an analysis of the technical chart. Citigroup’s stock has risen by about 19% over the past year, while the S&P 500 has jumped by 14.50%. Despite the significant gains, the bank has fallen by over 9% since peaking in late January.  Citigroup had jumped by over 6% since May 8, when investment firm ValueAct took a $1.2 billion stake in the company. Shares have increased from roughly $69 to its current price around $72.80. The sharp rise helped the bank stock jump above a multimonth downtrend.

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Spotlight

As digital transformation strategies take hold and organizations embrace a philosophy of data-driven decision-making, many functions that have traditionally communicated little with each other are coming together around a shared need for current and relevant information. In this environment, IT and tax departments have a signifi

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