Citigroup (C) on the move higher
Percent (C) held by Institutions: 34.90%
First, C sports only about 35% institutional investment compared to the average 70% institutional investment in C's competitors. A reduction in the number of shares outstanding will result in better earnings per share data ... inspiring MORE "global" confidence in C.
Getting rid of the USA gov't "impending fire sale" threat overhanging C is step one. Second, Step two is reduction of the shares outstanding ( Suggesting a REVERSE SPLIT of 1 for 10 ) to make it more than a penny stock, which may, due to some "self-imposed" fund rules ( Prices less than $5 ... Prices less than $10, etc), restrict institutional market buying and holding of C's stock.
Economics 101 basics --- more persons wanting something ( ie: Product X, or C's stock ) there's less of, or not enuf to go around, causes increasing prices.