Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Goldman Sachs Group, Inc. shares valued at $5,001,372 were sold by COLEMAN DENIS P. on Feb 23 ’24. At $394.43 per share, COLEMAN DENIS P. sold 12,680 shares. The insider’s holdings dropped to 29,417 shares worth approximately $11.86 million following the completion of this transaction.
Also, BERLINSKI PHILIP R. sold 11,650 shares, netting a total of over 4,550,948 in proceeds. Following the sale of shares at $390.64 each, the insider now holds 18,408 shares.
Before that, Ruemmler Kathryn H. had sold 7,277 shares from its account. In a trade valued at $2,763,877, the Chief Legal Officer, GC traded Goldman Sachs Group, Inc. shares for $379.81 each. Upon closing the transaction, the insider’s holdings decreased to 7,277 shares, worth approximately $2.62 million.
As published in a research note from Argus on April 16, 2024, Goldman Sachs Group, Inc. [GS] has been rated up from a Hold to a Buy and the price target has been revised to $465. Analysts at Daiwa Securities upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. As of February 27, 2024, Edward Jones has initiated its “Buy” rating for GS. Earlier on January 30, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for GS stock which previously was a “an Equal-weight”.
Analyzing GS Stock Performance
During the last five days, there has been a surge of approximately 1.42%. Over the course of the year, Goldman Sachs Group, Inc. shares have jumped approximately 4.49%. Shares of the company reached a 52-week high of $419.20 on 03/28/24 and a 52-week low of $372.07 on 01/19/24. A 50-day SMA is recorded $395.43, while a 200-day SMA reached $355.43. Nevertheless, trading volume fell to 2.78 million shares from 4.37 million shares the previous day.
Support And Resistance Levels for Goldman Sachs Group, Inc. (GS)
According to the 24-hour chart, there is a support level at 401.06, which, if violated, would cause prices to drop to 399.01. In the upper region, resistance lies at 406.51. The next price resistance is at 409.91. RSI (Relative Strength Index) is 51.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.40, which suggests the price will decrease in the coming days. Percent R is at 49.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
