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 $61.61 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 $6.16 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 fall -0.68% to $495.11. Over the last five days, the stock has lost -0.46%. Goldman Sachs Group, Inc. shares have risen nearly 28.34% since the year began. Nevertheless, the stocks have risen 52.25% 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 $491.94, while 200 days put it at $435.91.
Levels Of Support And Resistance For GS Stock
The 24-hour chart illustrates a support level at 490.50, which if violated will result in even more drops to 485.89. On the upside, there is a resistance level at 498.12. A further resistance level may holdings at 501.12. The Relative Strength Index (RSI) on the 14-day chart is 52.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.09%. Stochastics %K at 80.46% 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 2024-09-13, dropping by -0.33 million shares to a total of 5.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.32 million shares. There was a decline of -6.51%, which implies that there is a negative sentiment for the stock.
