ADVFN - Advanced Financial Network.
HOME» NYSE » C » C Stock Price » C Stock News

Citigroup Share News

 Citigroup Stock Price
C Stock Price
 Citigroup Stock Chart
C Stock Chart
 Citigroup Stock News
C Stock News
 Citigroup Company Information
C Company Information
 Citigroup Stock Trades
C Stock Trades

Facebook's Volume Is On Track To Set A New US IPO Record

By Alexandra Scaggs Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Facebook Inc. (FB) kicked off its first day of trading with a burst of activity--more than 200 million shares changed hands in the first hour--putting it on track to be the most heavily traded U.S. IPO ever by day's end. Market watchers will be keeping an eye on the final volume figure for Facebook, which had its initial public offering on Friday, after markets close at 4 p.m. The current holder of the record for most shares changing hands in a single day is Citigroup Inc. (C), which saw 3.8 billion shares trade on Dec. 17, 2009. That was in the depths of the financial crisis, when panic selling was rampant and Citi was at $31.50, in the middle of a fall from its 2007 highs of more than $500. The record for most shares traded on the day of an IPO is held by General Motors Co.' (GM), at 458 million. Facebook is poised to beat those levels easily, which would be a shot in the arm to trading desks that have been seeing anemic volumes all year. Facebook accounted for 5.6% of the total U.S. stock market volume at noon. The major U.S. markets had seen 3.9 billion shares of stock trade. This injection of volume came as a welcome boost, if just for the short term, for what many see as anemic trading in the U.S. stock market. The first quarter of 2012 saw the lowest average volume since 2007; it fell 14.5% from the same quarter the prior year. Last month was better, but not by much. April trading volume fell 7.6% year-over-year, according to Credit Suisse Trading Strategy. One contributing factor to low volume is that the market has seen fewer initial public offerings. IPO levels are roughly one-sixth of where they were in the 1990s, according to Credit Suisse. And, according to data from Ipreo Capital Markets, they are still in decline. Deals fell year-over-year for the January-through-April period. Last month saw $3.9 billion raised in nine deals, down from the $5.6 billion raised by 20 deals in April 2011. However, Facebook's offering should juice the May figure. Thanks to that deal, the month will show the first monthly increase in IPO proceeds this year. In the first weeks of May, 12 IPOs have raised $18.6 billion. Last year, for the entire month of May, 21 IPOs raised $6.9 billion. -By Alexandra Scaggs, Dow Jones Newswires; 212-416-4125; alexandra.scaggs@dowjones.com

Stock News for Citigroup (C)
DateTimeHeadline
07/29/201517:12:39Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/29/201517:03:38Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/28/201518:48:24Statement of Changes in Beneficial Ownership (4)
07/28/201515:50:22Caterpillar to Build Its Own Dump Trucks -- 2nd Update
07/28/201515:42:42Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/28/201512:10:37Caterpillar to Buy Back $1.5 Billion in Shares
07/28/201512:04:08Caterpillar to Buy Back $1.5 Billion in Shares From Citibank...
07/28/201511:56:57Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/28/201511:50:02NantKwest Shares Pop in First-Day Trading
07/28/201511:25:47Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/28/201510:51:33Caterpillar to Buy Back $1.5 Billion in Shares From Citibank
07/28/201508:30:13LyondellBasell Tops Expectations
07/27/201520:15:00Citigroup Inc. Announces Offer to Purchase Seven Series of Outstanding...
07/27/201517:11:37Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/27/201514:17:16Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/27/201511:05:21Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/27/201510:57:13Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/27/201510:46:09Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/27/201506:23:30Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/27/201506:22:39Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

Citigroup and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad