Treasury Begins to Sell Citigroup Stock

As discussed in a recent Watcher article, Treasury is starting to divest itself of Citigroup assets. The news came out on Monday, with Citi's stock price at $4.86, but at the close on Tuesday, the price had plunged to below $4.40 a share. While we're nowhere near the "break even" point of $3.25 a share, at which point Treasury will begin losing money on the sale, it's a bad trendline. Hopefully, the stock will rebound as the sale progresses over the coming months.

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