Citigroup Trading Volume Hits $963 Million Ranking 67th as Warren Buffett Exits Position

On May 19, 2025, Citigroup's trading volume reached $963 million, ranking 67th in the day's market activity. The stock price of Citigroup (C) increased by 0.54%.

Warren Buffett, the renowned billionaire investor, made significant adjustments to his portfolio in the first quarter of 2025. Notably, Berkshire Hathaway sold approximately 14.6 million shares of Citigroup, completely exiting its position in the company. This move was part of a broader strategy that also saw Berkshire sell shares in other financial institutions.

Citigroup's US M&A Targets Basket, which includes stocks identified as potential acquisition targets, has seen a substantial rally. Since April 8, the basket has surged by 44%, reflecting renewed optimism in dealmaking as tariff worries ease. This surge is more than double the performance of the S&P 500 Index over the same period, indicating a return of risk appetite in the market. The basket includes volatile stocks with takeover potential, such as Reddit Inc. and Cloudflare Inc.

Recent significant transactions, such as Dick’s Sporting Goods Inc. acquiring Foot Locker Inc. for $2.4 billion and Charter Communications Inc. combining with Cox Communications, further support the bullish sentiment. These deals are seen as positive indicators for the market, which had initially expected Trump's pro-business policies to fuel more dealmaking but was dampened by tariff policies. Citigroup's Stuart Kaiser expects the M&A basket to reach or surpass its January highs, driven by the fundamental-based screen and options pricing metrics used in the basket's selection process.