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Citi Readies for the Fire Sale—Stock Sinks to $3

November 21, 2008 2:32 pm
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Citi stock sank below $4 yesterday, then nudged up past the $5 mark this morning, in response to today’s Wall Street Journal report that Citi’s board was considering a sell-off of some or all of its segments.

sale sigOoops! Investors just realized it’s not a seller’s market for financial companies. Back goes the stock to three-and-change.

Categories: What Are the Pieces Worth?
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