What Next for City of London Group Plc Stock After Today’s Huge Increase?

 What Next for City of London Group Plc Stock After Today's Huge Increase?

The stock of City of London Group Plc (LON:CIN) is a huge mover today! The stock decreased 2.42% or GBX 0.1 on November 15, hitting GBX 4.03. About 12,951 shares traded hands. City of London Group Plc (LON:CIN) has declined 50.00% since April 18, 2016 and is downtrending. It has underperformed by 53.93% the S&P500.
The move comes after 8 months positive chart setup for the GBX 1.57 million company. It was reported on Nov, 15 by Barchart.com. We have GBX 11.53 PT which if reached, will make LON:CIN worth GBX 2.92M more.

More recent City of London Group Plc (LON:CIN) news were published by: Uk.Finance.Yahoo.com which released: “City of London Group plc (CIN.L)” on March 29, 2014. Also Reuters.com published the news titled: “BRIEF-City of London Group says John Kent to step down as CEO” on April 18, 2016. Fool.Co.Uk‘s news article titled: “Why Shares In City of London Group Plc Plummeted” with publication date: December 24, 2013 was also an interesting one.

City of London Group plc is a closed-ended investment firm with investments in the financial services sector and a portfolio of available-for-sale investments. The company has a market cap of 1.57 million GBP. The investment objective of the Company is to achieve total returns for shareholders in excess of 8% per annum, measured on a five-year rolling basis. It currently has negative earnings. The Firm is focused on providing finance to the small and medium enterprises (SME) sector, including professional service firms.

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