Tag: institutional investors

Citigoup’s stock closed at $4.71 today, down 26.39%. That pushes them below the $5 threshold, which is generally a big trigger for massive selling: Most institutional investors and pension funds are barred from owning stocks below $5. So if Citigroup’s stock remains below that level, it could trigger a wave of selling that would send […]

And not in a good way Wall Street resumed its downward trek Friday as skittish investors, unable to hold on to much optimism about the economy, drew little comfort from President Bush’s stimulus plan. Investors had already pulled back from a big early gain, with the major indexes trading mixed as Bush began to speak. […]