Goldman Sachs Group, Inc.’s recently made public that its Chief Financial Officer COLEMAN DENIS P. unloaded Company’s shares for reported $5.0 million on Feb 23 ’24. In the deal valued at $394.43 per share,12,680 shares were sold. As a result of this transaction, COLEMAN DENIS P. now holds 29,417 shares worth roughly $12.08 million.
Then, BERLINSKI PHILIP R. sold 11,650 shares, generating $4,550,948 in total proceeds. Upon selling the shares at $390.64, the Global Treasurer now owns 18,408 shares.
Before that, Ruemmler Kathryn H. sold 7,277 shares. Goldman Sachs Group, Inc. shares valued at $2,763,877 were divested by the Chief Legal Officer, GC at a price of $379.81 per share. As a result of the transaction, Ruemmler Kathryn H. now holds 6,501 shares, worth roughly $2.67 million.
Daiwa Securities upgraded its Goldman Sachs Group, Inc. [GS] rating to an Outperform from a a Neutral in a research note published on March 14, 2024; the price target was increased to $430 from $410. A number of analysts have revised their coverage, including Edward Jones’s analysts, who began to cover the stock in late February with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering GS and has increased its forecast on January 30, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. BMO Capital Markets maintained its rating on January 18, 2024. It rated GS as “a Market perform”.
Price Performance Review of GS
On Monday, Goldman Sachs Group, Inc. [NYSE:GS] saw its stock jump 0.61% to $410.54. Over the last five days, the stock has lost -0.72%. Goldman Sachs Group, Inc. shares have risen nearly 6.42% since the year began. Nevertheless, the stocks have risen 27.68% over the past one year. While a 52-week high of $419.20 was reached on 03/28/24, a 52-week low of $289.36 was recorded on 01/19/24. SMA at 50 days reached $392.74, while 200 days put it at $352.15. A total of 1.18 million shares were traded, compared to the trading of 0.49 million shares in the previous session.
Levels Of Support And Resistance For GS Stock
The 24-hour chart illustrates a support level at 407.89, which if violated will result in even more drops to 405.23. On the upside, there is a resistance level at 412.86. A further resistance level may holdings at 415.18. The Relative Strength Index (RSI) on the 14-day chart is 58.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.40%. Stochastics %K at 69.44% indicates the stock is a holding.
How much short interest is there in Goldman Sachs Group, Inc.?
A steep rise in short interest was recorded in Goldman Sachs Group, Inc. stocks on Mar 15, 2024, growing by 0.7 million shares to a total of 4.67 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.97 million shares. There was a rise of 14.99%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.45% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.06.
