Shift Technologies Inc
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Consumer Discretionary : Specialty Retail | Small Cap Blend
Company profile

Shift Technologies, Inc. is an end-to-end e-commerce platform transforming the used car industry with a technology-driven customer experience. Its segments include Retail and Wholesale. The Retail segment represents retail sales of used vehicles through the Company's e-commerce platform and fees earned on sales of value-added products associated with those vehicles sales, such as vehicle service contracts, guaranteed asset protection waiver coverage, prepaid maintenance plans, and appearance protection plans. The Wholesale segment represents sales of used vehicles through wholesale auctions or directly to a wholesaler (DTW). It provides technology-driven solutions throughout the car ownership lifecycle. It operates approximately nine vehicle inventory inspection, reconditioning and storage centers, with six spanning the West Coast from San Diego to Seattle and three new facilities in Austin, San Antonio and Dallas, Texas. It conducts its business through its wholly owned subsidiaries.

Closing Price
$0.8676
Day's Change
0.1945 (28.90%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.91
Day's Low
0.70
Volume
(Heavy Day)
Volume:
12,216,946

10-day average volume:
9,441,554
12,216,946

Citi moving forward with plans to sell Russia units, report says

8:34 am ET May 3, 2022 (MarketWatch)
Print

Citigroup Inc. (C) CEO Jane Faser said in an interview at the Milken Institute Global Conference that the megabank is moving ahead with the sale of its consumer and commercial banking businesses in Russia. Fraser said the bank is in active discussions, according to a Reuters report of a Bloomberg TV interview with Fraser. Some had worried that the sale had been shelved because of sanctions against Russia. Citigroup has had 3,000 employees in Russia and a total exposure of $9.8 billion, according to filings. Shares of Citigroup are down 19.3% so far in 2022, compared to a 12.8% loss by the S&P 500 .

-Steve Gelsi

	

(END) Dow Jones Newswires

May 03, 2022 08:34 ET (12:34 GMT)

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