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(EMAILWIRE.COM, January 06, 2011 ) Minneapolis, MN - Citigroup Inc. (NYSE:C) hit the five dollar mark on Wednesday as the Dow continued its push towards 12,000.
The stock's recent activity is a strong signal the company is making a comeback. Citigroup once traded at over $50. But the recession has seen the stock's price tumble to as low as around $1.
Now, Citigroup is not only trading at $5. It is trading near its 52 week high. At Mega Stock Picks, we believe Citigroup will be one of the biggest if not the biggest comeback for 2011.
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We believe Citigroup (NYSE:C) will see gains of over 100% in 2011. For starters, the company is one of the biggest volume stocks on the Dow. Plus, it is now free from government intervention. The fact that the stock hit $5 is just another sign that this company is bullish once again.
Citigroup Inc. rose 1.4 percent to $4.97 with 643,639,700 shares traded on Wednesday.
Citigroup, Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage, and wealth management.
Citigroup Inc. has approximately 200 million customer accounts and operates in approximately 140 countries. The company was founded in 1812 and is based in New York, New York.
About: Mega Stock Picks is an investor relations site that provides free e-newsletters and stock alerts from its web site, www.megastockpicks.com. The company covers all sectors of the market from undervalued penny stocks to big-board bottom bouncers.
Disclaimer: Mega Stock Picks is not a registered investment advisor. Investors are responsible for doing their own research and obtaining professional investment advice. Mega Stock Picks does not guarantee the accurateness of information in its communications. Investors should read the full disclaimer at www.megastockpicks.com before investing in any stock featured by the site.
Mega Stock Picks
Editor
651-442-4255
info@megastockpicks.com
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