Market Currents
Wednesday, August 26, 2009
11:26 AM
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Citigroup (C -1.7%) has been testing $5 after March lows near $1, WSJ MarketBeat notes, and pushing through that barrier could make it easier for institutional investors to buy - or make it a lot easier to short. Things could get volatile.
This news story has 4 comments:
Why easier to short?
Note to the curious: It will be "easier to short" because exchange rules prohibit shorting of a stock that's under $5.