Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Goldman Sachs Group, Inc. shares valued at $3,896,459 were sold by ROGERS JOHN F.W. on May 16 ’24. At $466.31 per share, ROGERS JOHN F.W. sold 8,356 shares. The insider’s holdings dropped to 64,030 shares worth approximately $29.34 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, ROGERS JOHN F.W. sold 6,438 shares, netting a total of over 3,001,198 in proceeds. Following the sale of shares at $466.17 each, the insider now holds 17,107 shares.
Before that, SOLOMON DAVID M had sold 6,600 shares from its account. In a trade valued at $3,018,312, the Chairman of the Board and CEO traded Goldman Sachs Group, Inc. shares for $457.32 each. Upon closing the transaction, the insider’s holdings decreased to 6,600 shares, worth approximately $59.76 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 drop of approximately -1.37%. Over the course of the year, Goldman Sachs Group, Inc. shares have jumped approximately 18.76%. Shares of the company reached a 52-week high of $471.48 on 05/20/24 and a 52-week low of $372.07 on 01/19/24. A 50-day SMA is recorded $423.12, while a 200-day SMA reached $368.19. Nevertheless, trading volume fell to 2.25 million shares from 2.73 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 455.60, which, if violated, would cause prices to drop to 453.06. In the upper region, resistance lies at 462.50. The next price resistance is at 466.86. RSI (Relative Strength Index) is 61.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.86, which suggests the price will increase in the coming days. Percent R is at 41.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
