Owning Citigroup

Thanks to its low price, the daily trading volume in Citigroup (C) is astounding. On heavy days, the volume exceeds 1 billion shares. That’s around 43,000 shares every second.

For this year, the daily average is about 600 million shares. The total for the year is 120 billion shares. Since the company has 29.05 billion shares outstanding, the average Citigroup shareholder owns the stock for about 10 weeks.

Posted by on October 26th, 2010 at 12:46 pm


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