November 3, 2009 - Shares of CIT Group Inc (CIT) will be trading under a new stock symbol after the NYSE delisted the stock yesterday.
CIT Group will be trading on the pink sheets under the new symbol CITGQ or CITGQ.PK.
CIT Group Inc (CITGQ.PK) is set to open at yesterday's close which was $0.25. Usually after a stock gets delisted, shares are very volatile 1-2 weeks afterward.
I will have more analysis tonight but first I need to see how the stock trades today. There will be resistance at $0.30 & $0.37 for starters.
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