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Keeping an Eye on Goldman Sachs Group, Inc. (GS) After Insider Trading Activity

Goldman Sachs Group, Inc.’s recent filing unveils that its Executive Vice President ROGERS JOHN F.W. unloaded Company’s shares for reported $3.9 million on May 16 ’24. In the deal valued at $466.31 per share,8,356 shares were sold. As a result of this transaction, ROGERS JOHN F.W. now holds 64,030 shares worth roughly $29.04 million.

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Then, ROGERS JOHN F.W. sold 6,438 shares, generating $3,001,198 in total proceeds. Upon selling the shares at $466.17, the Executive Vice President now owns 17,107 shares.

Before that, SOLOMON DAVID M sold 6,600 shares. Goldman Sachs Group, Inc. shares valued at $3,018,312 were divested by the Chairman of the Board and CEO at a price of $457.32 per share. As a result of the transaction, SOLOMON DAVID M now holds 130,433 shares, worth roughly $59.16 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 fall -0.30% to $453.55. Over the last five days, the stock has lost -0.31%. Goldman Sachs Group, Inc. shares have risen nearly 17.57% since the year began. Nevertheless, the stocks have risen 35.20% over the past one year. While a 52-week high of $471.48 was reached on 05/20/24, a 52-week low of $289.36 was recorded on 01/19/24. SMA at 50 days reached $435.39, while 200 days put it at $375.12. A total of 1.7 million shares were traded, compared to the trading of 1.74 million shares in the previous session.

Levels Of Support And Resistance For GS Stock

The 24-hour chart illustrates a support level at 450.78, which if violated will result in even more drops to 448.01. On the upside, there is a resistance level at 455.84. A further resistance level may holdings at 458.13. The Relative Strength Index (RSI) on the 14-day chart is 52.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.90%. Stochastics %K at 33.23% indicates the stock is a holding.

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.

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