Goldman Sachs Group, Inc.’s filing revealed that its Chairman of the Board and CEO SOLOMON DAVID M unloaded Company’s shares for reported $3.0 million on Aug 15 ’24. In the deal valued at $500.29 per share,6,000 shares were sold. As a result of this transaction, SOLOMON DAVID M now holds 124,433 shares worth roughly $62.8 million.
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Then, SOLOMON DAVID M bought 6,000 shares, generating $2,992,200 in total proceeds.
Before that, Montag Thomas K. sold 10,000 shares. Goldman Sachs Group, Inc. shares valued at $5,050,436 were divested by the Director at a price of $505.04 per share. As a result of the transaction, Montag Thomas K. now holds 12,450 shares, worth roughly $6.28 million.
Seaport Research Partners downgraded its Goldman Sachs Group, Inc. [GS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in mid April from “a Hold” to “a Buy”. Daiwa Securities also remained covering GS and has increased its forecast on March 14, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Edward Jones started covering the stock on February 27, 2024. It rated GS as “a Buy”.
Price Performance Review of GS
On Monday, Goldman Sachs Group, Inc. [NYSE:GS] saw its stock jump 0.08% to $504.68. Over the last five days, the stock has gained 3.95%. Goldman Sachs Group, Inc. shares have risen nearly 30.82% since the year began. Nevertheless, the stocks have risen 54.09% over the past one year. While a 52-week high of $517.26 was reached on 07/31/24, a 52-week low of $289.36 was recorded on 01/19/24. SMA at 50 days reached $475.74, while 200 days put it at $413.10.
Levels Of Support And Resistance For GS Stock
The 24-hour chart illustrates a support level at 501.77, which if violated will result in even more drops to 498.85. On the upside, there is a resistance level at 507.69. A further resistance level may holdings at 510.69. The Relative Strength Index (RSI) on the 14-day chart is 60.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.75%. Stochastics%K at 81.72% indicates the stock is a selling.
How much short interest is there in Goldman Sachs Group, Inc.?
A steep rise in short interest was recorded in Goldman Sachs Group, Inc. stocks on 2024-07-31, growing by 0.88 million shares to a total of 5.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.74 million shares. There was a rise of 15.59%, which implies that there is a positive sentiment for the stock.
