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 $3,273 were purchased by Flaherty Mark A. on Sep 27 ’24. At $498.87 per share, Flaherty Mark A. acquired 7 shares. The insider’s holdings grew to 1,097 shares worth approximately $0.55 million following the completion of this transaction.
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Also, Flaherty Mark A. purchased 7 shares, netting a total of over 2,981 in proceeds. Following the buying of shares at $448.74 each, the insider now holds 1,091 shares.
Before that, Flaherty Mark A. had added 7 shares to its account. In a trade valued at $2,962, the Director bought Goldman Sachs Group, Inc. shares for $416.43 each. Upon closing the transaction, the insider’s holdings increased to 7 shares, worth approximately $0.55 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 3.62%. Over the course of the year, Goldman Sachs Group, Inc. shares have jumped approximately 30.58%. 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 $491.93, while a 200-day SMA reached $440.61. Nevertheless, trading volume fell to 1.31 million shares from 1.7 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 499.94, which, if violated, would cause prices to drop to 496.16. In the upper region, resistance lies at 507.15. The next price resistance is at 510.58. RSI (Relative Strength Index) is 57.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.06, which suggests the price will increase in the coming days. Percent R is at 13.63%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
