Why Citigroup Stock Lost 16% Last Month

Shares of Citigroup (NYSE: C) were falling last month as the stock got tripped up by a report in The Wall Street Journal that regulators were preparing to censure the bank over a failure to improve its risk management. The news added to the company's challenges during a year when it's been hit hard by the coronavirus pandemic.

According to data from S&P Global Market Intelligence, the stock finished September down 16%. As you can see from the chart below, most of those losses came during a two-day stretch in the middle of the month following the report in the Journal.

Source Fool.com