Home / Business / Eye Catching Active Stocks: Citigroup Inc. (NYSE:C), DryShips, Inc. (NASDAQ:DRYS)

Eye Catching Active Stocks: Citigroup Inc. (NYSE:C), DryShips, Inc. (NASDAQ:DRYS)

Citigroup Inc. (NYSE:C) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.14% to close at $55.54 with the total traded volume of 20.4 Million shares. Citigroup Inc. (C) designated JPMorgan Chase & Co.’s Nicole Nunag as a managing director to expand its private-banking unit in the New York City area. Nunag will oversee client relationships, product development, marketing and sales to expand in the region, Citigroup stated Monday in a statement. She will report to Ida Liu, a managing director and global market manager for the area. Citigroup has been looking for to expand its wealth-management division for ultra-high net worth clients.

Third-quarter income for that unit climbed 4 percent to $746 million on loan growth and improving spreads, Chief Financial Officer John Gerspach stated last month. “We continue to attract high-caliber talent as we build out our team locally,” Liu stated in the statement. “Nicole’s appointment underscores this, in addition to our steadfast commitment to provide best in class service to our clients.” The firm has institutional ownership of 73.00%, while insider ownership included 0.10%. Its price to sales ratio ended at 2.75. C attains analyst recommendation of 2.10 with week performance of 1.57%.

DryShips, Inc. (NASDAQ:DRYS) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -22.95% to $9.10. DryShips Inc. (NASDAQ:DRYS) reported that it has closed the before reported registered direct offering of 20,000 newly designated Series E-1 Convertible Preferred Shares, warrants to purchase 30,000 Series E-1 Convertible Preferred Shares, warrants to purchase 50,000 newly designated Series E-2 Convertible Preferred Shares, prepaid warrants to purchase an aggregate 372,874 ordinary shares (with the number of ordinary shares issuable subject to adjustment as described therein), and 100 ordinary shares to an institutional investor not associated with the Firm.

The total gross proceeds from the offering were about $20 million. The Firm may additional receive up to an aggregate of $80 million if all of the warrants to purchase preferred shares are exercised, for total gross proceeds of $100 million. The share price of DRYS attracts active investors, as stock price of week volatility recorded 146.18%. The stock is going forward to its 52-week low with 136.98% and lagging behind from its 52-week high price with -97.91%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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