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 $2,161,234 were sold by VINIAR DAVID A on Apr 29 ’24. At $432.25 per share, VINIAR DAVID A sold 5,000 shares. The insider’s holdings dropped to 623,425 shares worth approximately $284.01 million following the completion of this transaction.
Also, COLEMAN DENIS P. sold 12,680 shares, netting a total of over 5,001,372 in proceeds. Following the sale of shares at $394.43 each, the insider now holds 29,417 shares.
Before that, BERLINSKI PHILIP R. had sold 11,650 shares from its account. In a trade valued at $4,550,948, the Global Treasurer traded Goldman Sachs Group, Inc. shares for $390.64 each. Upon closing the transaction, the insider’s holdings decreased to 11,650 shares, worth approximately $8.39 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 5.31%. Over the course of the year, Goldman Sachs Group, Inc. shares have jumped approximately 18.09%. Shares of the company reached a 52-week high of $456.43 on 05/09/24 and a 52-week low of $372.07 on 01/19/24. A 50-day SMA is recorded $408.58, while a 200-day SMA reached $362.80. Nevertheless, trading volume fell to 2.7 million shares from 2.01 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 449.12, which, if violated, would cause prices to drop to 442.69. In the upper region, resistance lies at 459.21. The next price resistance is at 462.87. RSI (Relative Strength Index) is 77.02 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 16.11, which suggests the price will increase in the coming days. Percent R is at 1.68%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
