Citigroup, Morgan Stanley and 3 Stocks in the Financial Sector Seeing Prices Rise: C, MET, MS, LNC, TRH

Through early trading on Tuesday, October 11, 2011, these stocks are helping the Financial (NYSE:XLF) sector today. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Citigroup Inc. (NYSE:C) is among the top price gainers in the sector. Its shares are trading at $27.09, up 44 cents (+2.2%) from the previous close of $26.49. Citigroup is a financial services holding company that provides corporations, governments, and consumers with a broad range of financial products and services.

Stock Price Performance: From July 15, 2011, to October 10, 2011, the stock price had fallen $11.88 (-31%) from $38.37 to $26.49. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011 when shares rose for seven straight trading days, rising 8.8% (+$3.47). It saw one of its worst periods between August 15, 2011 and August 22, 2011 when shares fell for six straight trading days, falling 16.7% (-$5.21).

Shares of MetLife, Inc. (NYSE:MET) are trading at $31.03, up 88 cents (+2.1%) from the previous close of $30.40. MetLife provides individual insurance, employee benefits, and financial services.

Stock Price Performance: From July 14, 2011, to October 7, 2011, the stock price had fallen $12.99 (-31.1%) from $41.79 to $28.80. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011 when shares rose for six straight trading days, rising 10.6% (+$3.16). It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 20.6% (-$8.47).

Morgan Stanley (NYSE:MS) is one of the top price gainers. Its stock price is $15.79, which is 50 cents (+3.3%) above the previous close of $15.29. Morgan Stanley provides financial products and services to a group of clients and customers, including corporations, governments, financial institutions, and individuals.

Stock Price Performance: From July 14, 2011, to October 7, 2011, the stock price had fallen $6.83 (-32.4%) from $21.07 to $14.24. The stock price saw one of its best stretches over the last year between December 16, 2010 and December 28, 2010 when shares rose for eight straight trading days, rising 6.3% (+$1.64). It saw one of its worst periods between October 18, 2010 and October 26, 2010 when shares fell for seven straight trading days, falling 4.8% (-$1.20).

Shares of Lincoln National Corporation (NYSE:LNC) are trading at $16.41, up 37 cents (+2.3%) from the previous close of $16.04. Lincoln National offers a range of wealth protection, accumulation, and retirement income products and solutions through its multiple insurance and investment management businesses.

Stock Price Performance: From July 14, 2011, to October 7, 2011, the stock price had fallen $12.04 (-44.4%) from $27.14 to $15.10. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six straight trading days, rising 8.9% (+$2.37). It saw one of its worst periods between October 21, 2010 and November 1, 2010 when shares fell for eight straight trading days, falling 7.1% (-$1.84).

Transatlantic Holdings Inc. (NYSE:TRH) is one of the top price gainers. Its stock price is $51.05, which is 95 cents (+1.9%) above the previous close of $50.10. Transatlantic Holdings, through its operating subsidiaries, offers reinsurance for a full range of property and casualty products.

Stock Price Performance: From October 4, 2011, to October 10, 2011, the stock price had risen $1.37 (2.8%) from $48.73 to $50.10. The stock price saw one of its best stretches over the last year between March 28, 2011 and April 4, 2011 when shares rose for six straight trading days, rising 5.1% (+$2.40). It saw one of its worst periods between August 15, 2011 and August 25, 2011 when shares fell for nine straight trading days, falling 5.5% (-$2.81).

 

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