CIT Group ( CIT ) Receiving Government Aid?

July 14, 2009 - Shares of CIT Group, Inc. (CIT) are on fire tonight in afterhours as the Wall Street Journal is reporting that the Government might come in and offer some kind of aid for the company.

After trading over 200 million shares in regular trading today, CIT stock is up 21% in after hours to $1.63 on the news.

For Tuesday, 7/14/09, keep an eye on $1.88 which is the 10 day moving average.



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