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 $5,050,436 were sold by Montag Thomas K. on Jul 16 ’24. At $505.04 per share, Montag Thomas K. sold 10,000 shares. The insider’s holdings dropped to 12,450 shares worth approximately $6.12 million following the completion of this transaction.
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Also, VINIAR DAVID A sold 5,000 shares, netting a total of over 2,512,125 in proceeds. Following the sale of shares at $502.43 each, the insider now holds 618,425 shares.
Before that, LEE BRIAN J had sold 3,500 shares from its account. In a trade valued at $1,770,965, the Chief Risk Officer traded Goldman Sachs Group, Inc. shares for $505.99 each. Upon closing the transaction, the insider’s holdings decreased to 3,500 shares, worth approximately $5.95 million.
As published in a research note from Seaport Research Partners on July 02, 2024, Goldman Sachs Group, Inc. [GS] has been rated down from a Buy to a Neutral. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid April. As of March 14, 2024, Daiwa Securities has increased its “Neutral” rating to a “an Outperform” for GS. Earlier on February 27, 2024, Edward Jones initiated its rating. Their recommendation was “a Buy” for GS stock.
Analyzing GS Stock Performance
During the last five days, there has been a surge of approximately 1.13%. Over the course of the year, Goldman Sachs Group, Inc. shares have jumped approximately 27.46%. Shares of the company reached a 52-week high of $509.48 on 07/17/24 and a 52-week low of $372.07 on 01/19/24. A 50-day SMA is recorded $465.46, while a 200-day SMA reached $397.25. Nevertheless, trading volume fell to 1.49 million shares from 1.6 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 484.59, which, if violated, would cause prices to drop to 477.47. In the upper region, resistance lies at 497.47. The next price resistance is at 503.23. RSI (Relative Strength Index) is 61.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.34, which suggests the price will increase in the coming days. Percent R is at 37.09%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
