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[RainmanOregon]

Citi: C 1:10 Reverse Split ~ Citi After the Reverse Split: Easier to Short!.Two Airline Upgrades, Oil Price Drop Signal Some Hope for the Sector
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By Avi Salzman
Citigroup’s (C) 1-for-10 reverse stock split is doing little for the stock so far today, with shares down 2% in early trading. Analysts are split about the wisdom of cutting the share count and boosting the stock’s price. Some say it will allow more mutual funds that are prohibited from buying stocks worth less than $5 per share to get into Citi shares. Others expect it to cut out retail investors who might be willing to place a bet on a risky $5 stock but not a $50 one. It could also deter high-frequency traders who make money by providing liquidity to dark pools.