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Citigroup Pops And Drops After Q3 Beat

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Citigroup Inc (NYSE: C) shares are trading lower by $1.70 (2.3 percent) at $73.24 in Thursday's session.

Before the open, the company posted inline Q3 EPS along with a revenue beat of $430 million. That ended a streak 10 consecutive EPS beats.

After a higher open, Citigroup's stock eclipsed its former high for the move ($76.02), reaching $76.14 before reversing course. That marked its highest level since Dec. 2008.

The ensuing decline has continued to make lows for the session with the current on standing at $73.14 as of 12:50 p.m. EST. That low comes in just above its Oct. 2 low of $72.91.

Posted-In: Earnings News Technicals Intraday Update Movers Trading Ideas

 

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