Goldman Sachs Group, Inc.’s filing revealed 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 $12.67 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 $2.8 million.
Argus upgraded its Goldman Sachs Group, Inc. [GS] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “an Outperform”. Edward Jones began covering GS with “Buy” recommendation on February 27, 2024. Morgan Stanley revised its rating on January 30, 2024. It rated GS as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of GS
On Monday, Goldman Sachs Group, Inc. [NYSE:GS] saw its stock jump 0.76% to $430.81. Over the last five days, the stock has gained 3.23%. Goldman Sachs Group, Inc. shares have risen nearly 11.68% since the year began. Nevertheless, the stocks have risen 26.12% over the past one year. While a 52-week high of $428.53 was reached on 04/29/24, a 52-week low of $289.36 was recorded on 01/19/24. SMA at 50 days reached $400.55, while 200 days put it at $358.97. A total of 2.46 million shares were traded, compared to the trading of 2.32 million shares in the previous session.
Levels Of Support And Resistance For GS Stock
The 24-hour chart illustrates a support level at 427.56, which if violated will result in even more drops to 424.32. On the upside, there is a resistance level at 433.69. A further resistance level may holdings at 436.58. The Relative Strength Index (RSI) on the 14-day chart is 67.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 16.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.45%. Stochastics %K at 92.79% indicates the stock is a selling.
The most recent change occurred on January 18, 2024 when BMO Capital Markets resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $360.
