Citigroup $C stock has confirmed a Resurrection CrossWhen the 50 day moving average crosses above the 200 day moving average, it is called a Resurrection Cross. Conversely, when the 50 day moving average crosses below the 200 day mov... as of March 4, 2023. Horizontal support levels held as the stock has ripped higher forming a downtrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... breakout pattern.
Citigroup is a global financial services company that provides a wide range of banking, investment, and other financial products and services to individuals, corporations, governments, and institutions. Its services include consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Citi cutting hundreds of jobs, Bloomberg reports
According to a March 2, 2023 Bloomberg report, Citigroup is laying off hundreds of employees nationwide. With 240,000 employees, the reductions represent less than 1% of the total. Employees in the business’s technology and operations departments as well as the mortgage-underwriting arm is also among those impacted. Source: https://www.bloomberg.com/news/articles/2023-03-02/citi-cuts-hundreds-with-investment-banking-mortgages-affected