Even though Barclays (NYSE:BCS) analyst Jason Goldberg is the only one to mention the possibility Citigroup (NYSE:C) could engage in a reverse stock split when they release their fourth quarter earnings, the idea continues to weigh on the minds of some investors.
Much of this seems to stem from the shareholders of Citigroup (C) granting authority for a reverse stock split to be conducted if the decision is made.
So it's possible this is nothing more than idle speculation at this time, although the possibility does exist, but it's a long shot.
Goldberg also tied it into the government being out of Citigroup as well.
Citigroup was trading at $5.09, up $0.01, or 0.10 percent, as of 1:27 PM EST.
Thursday, January 13, 2011
Citigroup (NYSE:C) Reverse Stock Split Remains in Mind of Investors
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1 comment:
That would good, as opposed to all the other times when it is not. For citigroup it would be a positive psychological event.
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