Why the World of Chocolate Is in Crisis [BNN Bloomberg (Canada)]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
Check Earnings Report
US:NYSE Investor Relations:
citigroup.com/citi/investor/pres.htm
Company Research
Source: BNN Bloomberg
By early March, prices had already more than doubled in just a 12-month span. At that point, many speculators were calling it quits and slashing their bullish wagers. That's when Andurand saw an opportunity to go long. The signs were all there for a massive deficit: the world had enjoyed chocolate on the cheap for decades, trees were older and crop disease was rampant in the West African countries that supply about half the market. A bit of bad weather was the tipping point for output from Ivory Coast and Ghana, with many traders now fearing production in the growers has entered a long-term retreat. Futures quickly surged about 70% from the start of March to a record this week. For the world's chocolate makers, the crisis is here. Plants have been forced to shutter from Malaysia to Germany and Chicago. Firms that were caught on the wrong end of the rally are getting snarled in lawsuits. And now, a lack of liquidity also means that the market's next stage is likely to be riddled w
Show less
Read more
Impact Snapshot
Event Time:
C
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
C alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
C alerts
High impacting Citigroup, Inc. news events
Weekly update
A roundup of the hottest topics
C
News
- Austral Gold Files Q1 2024 Quarterly Activity Report [Yahoo! Finance]Yahoo! Finance
- Wall Street Helps Build $15 Billion Pot of Blended Finance [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Wall Street Helps Build $15 Billion Pot of Blended Finance [BNN Bloomberg (Canada)]BNN Bloomberg
- Austral Gold Secures New Related Party Loan in ARS Pesos [Yahoo! Finance]Yahoo! Finance
- Citigroup Inc. (NYSE: C) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $87.00 to $86.00. They now have an "outperform" rating on the stock.MarketBeat
C
Earnings
- 4/12/24 - Beat
C
Sec Filings
- 4/30/24 - Form 424B2
- 4/30/24 - Form 424B2
- 4/30/24 - Form 424B2
- C's page on the SEC website