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Jim Cramer's Stop Trading! Citi Never Awake

Stock quotes in this article: CFC  

Top management at Citigroup (C Quote) must go, Jim Cramer said Friday on CNBC's "Stop Trading!" segment.

Cramer said the stock's 2.4% rise in heavy volume Friday points to investors' hope that either CEO Chuck Prince or finance chief Sallie Krawcheck is on the way out. Cramer said he would like to see both of them forced out, in favor of a combination of M&A head Ray McGuire and Vice Chairman Bob Rubin. He said their appointment would move the stock up to $55 from a recent $52.

But regardless of what's afoot, Cramer said Citi should by now have made a statement to the market about whether there is any basis for the unusual trading in the stock. ...

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