Citigroup Inc. (NYSE:C) Purchases 3800 Citibank Center From An Affiliate Of Zurich Alternative Asset Management

Citigroup Inc. (NYSE:C) [Trend Analysis] knocking active thrust in leading trading session, shares an increase of 0.40% to 59.79 with around 21.8 Million shares have changed hands in this session. Citigroup Inc. reported that it has purchased 3800 Citibank Center from an affiliate of Zurich Alternative Asset Management. The service center is home to approximately 5,600 employees who serve in a variety of different functions, including Client Services, Finance, Human Resources, Legal and Risk Services.

The terms of the deal were not disclosed and are not material to either company. “We are proud to call Tampa home and this decision is a reflection of our ongoing investment and support for the community where we live and work,” said Citi Head of Operations and Technology Don Callahan. “We continually look for ways to make our workspaces more engaging and effective for our employees and owning the service center will give us more opportunities to do so.” The stock is going forward its fifty-two week low with 74.59% and lagging behind from its 52-week high price with -1.66%.

Similar, the positive performance for the quarter recorded as 28.32% and for the year was 18.09%, while the YTD performance remained at 16.61%. C has Average True Range for 14 days of 1.31.

Shares of Harmonic Inc. (NASDAQ:HLIT) [Trend Analysis] swings enthusiastically in regular trading session, it a gain of 5.05% to close at $5.20. Harmonic (NASDAQ:HLIT) declared that Harold Covert, the Company’s Chief Financial Officer, intends to resign from the CFO role in the coming months in order to spend more time with his family on the East Coast.

Mr. Covert will continue to serve as CFO until after the filing of the Company’s 2016 annual report with the Securities and Exchange Commission and the appointment of a successor CFO. The Company has launched a search for a new CFO, and Mr. Covert has agreed to provide any needed assistance to ensure a smooth transition.

“On behalf of the Harmonic Board of Directors and management team, I want to express my gratitude to Hal for stepping off the Board last year and into the CFO role during an important period of strategic change and acquisition integration,” remarked Patrick Harshman, President and Chief Executive Officer of the Company. “We thank Hal for his contributions and his continued leadership during the transition period.” Moving forward to saw long-term intention, the experts calculate Return on Investment of -3.50%. The stock is going forward its fifty-two week low with 107.17% and lagging behind from its 52-week high price with -15.17%. HLIT last month stock price volatility remained 6.83%.

 

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