Monday, August 31, 2009

Citigroup Insider Trading Explains What?

Citigroup (C) has been delighting and confounding the stock market with its August trading action . The bank has problems and is mainly owned and controlled by Uncle Sam. So the stock price jumps for no apparent reason. When in doubt look at the insider trading and fathom these very recent purchases. William S Thompson a director bought 100,000 shares at $4. Eugene Mcquade CEO of Citibank NA bought a whopping 1,000,000 shares at $3.41. Mora Manuel Medina Chairman and CEO for Latin America and Mexico matched the 1,000,000 but at $3.21. and Vikram S Pandit loaded up as well but before the previously mentioned. So they clearly believe in something.