Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Goldman Sachs Group, Inc. shares valued at $3,001,740 were sold by SOLOMON DAVID M on Aug 15 ’24. At $500.29 per share, SOLOMON DAVID M sold 6,000 shares. The insider’s holdings dropped to 124,433 shares worth approximately $60.49 million following the completion of this transaction.
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Also, SOLOMON DAVID M purchased 6,000 shares, netting a total of over 2,992,200 in proceeds.
Before that, Montag Thomas K. had sold 10,000 shares from its account. In a trade valued at $5,050,436, the Director traded Goldman Sachs Group, Inc. shares for $505.04 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $6.05 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 drop of approximately -2.18%. Over the course of the year, Goldman Sachs Group, Inc. shares have jumped approximately 26.01%. Shares of the company reached a 52-week high of $517.26 on 07/31/24 and a 52-week low of $372.07 on 01/19/24. A 50-day SMA is recorded $491.99, while a 200-day SMA reached $437.62. Nevertheless, trading volume fell to 1.28 million shares from 1.45 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 483.37, which, if violated, would cause prices to drop to 480.63. In the upper region, resistance lies at 489.67. The next price resistance is at 493.24. RSI (Relative Strength Index) is 46.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.63, which suggests the price will decrease in the coming days. Percent R is at 75.45%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
