Citigroup Inc. (NYSE:C) Stock - Steve Grasso Sells $C

Citigroup Inc. (NYSE:C) is down below $4.40 this afternoon as the stock continues to fall do to the reverse stock split announcement. Citigroup Inc. (NYSE:C) is also seeing CNBC's Steve Grasso dump 2/3 of his holdings. He cites E*Trade Financial Corporation (ETFC), saying that the ETFC stock split was a disaster. C stock will have support down at $4.29 which is the 200 day moving average. I like Citigroup below $4.40 for the long term but the stock split is def on investors minds right now. Citigroup will have resistance on the upside around $4.62.