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Post  Admin Mon May 09, 2011 10:58 pm

Citigroup declined to comment on Monday. Amid heavy losses and near failure during the financial crisis, Citigroup's share count ballooned from five billion shares to more than 29 billion shares in 2009, as the bank was forced to issue common stock to. BOSTON (MarketWatch) Citigroup Inc. shares on Monday traded above $45 for the first time since 2007 after a reverse stock split, but a drop in the shares and a 3% tumble in AIG pulled the. Citigroup Inc., up $39.64 at $44.16 The bank's reverse stock split went into effect, raising share prices by 10 times, but the stock fell throughout the day. Dollar Thrifty Automotive Group Inc., up $9.58 at $79.27 Hertz raised its bid for the car. US trading slowed following Citigroup's reverse stock split. The bank accounted for 6 percent of US trading in 2011 through last week, with average daily volume of 464.8 million shares, according to data compiled by Bloomberg. Volume on exchanges today. With trading done for the day, it's time to take a look at Citigroup's much-vaunted one-for-10 reverse stock split. Did trading volumes shrivel up and die with the much-diluted presence of one of America's highest-profile corporations one that. ProSiebenSat.1, Germany's biggest private broadcaster, rose 3.9 percent to 18.88 euros as Citigroup upgraded the shares to buy from hold. Thomas Cook dropped 2.1 percent to 167 pence as its first- half loss widened because of the cost of assisting. Equities research analysts at Morgan Stanley (NYSE: MS) upgraded shares of Citigroup (NYSE: C) from a neutral rating to an overweight rating in a research note to investors on Friday. The analysts currently have a $6.00 price target on the stock.. The bank's reverse stock split went into effect, raising share prices by 10 times, but the stock fell throughout the day. Hertz raised its bid for the car rental agency, topping rival Avis Budget's offer, in the year-long fight for Dollar Thrifty.. Preliminary data showed the composite daily volume on NYSE, Amex and Nasdaq was at 5.6 billion shares after Citigroup's reverse stock split. Last week a massive sell-off in materials and oil forced investors out of high-risk assets, and stocks ended. Bank stocks were a lagging sector in Monday's higher market as weakness in Citigroup (NYSE: C) after a reverse stock split dropped a banking exchange traded fund close to a key test. Citi shares were down more than 2% on Monday..

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