In a filing, Goldman Sachs Group, Inc. revealed 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 $11.79 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 $2.61 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 2.92% to $400.88. Over the last five days, the stock has lost -2.35%. Goldman Sachs Group, Inc. shares have risen nearly 3.92% since the year began. Nevertheless, the stocks have risen 20.70% 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 $394.47, while 200 days put it at $354.28. A total of 6.17 million shares were traded, compared to the trading of 2.82 million shares in the previous session.
Levels Of Support And Resistance For GS Stock
The 24-hour chart illustrates a support level at 395.43, which if violated will result in even more drops to 389.97. On the upside, there is a resistance level at 409.60. A further resistance level may holdings at 418.32. The Relative Strength Index (RSI) on the 14-day chart is 50.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.11%. Stochastics %K at 20.37% indicates the stock is a holding.
