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Seaport Research Partners analysts downgrades a Neutral rating for Goldman Sachs Group, Inc. (GS)

Goldman Sachs Group, Inc.’s filing revealed that its Director Flaherty Mark A. acquired Company’s shares for reported $3273.0 on Sep 27 ’24. In the deal valued at $498.87 per share,7 shares were bought. As a result of this transaction, Flaherty Mark A. now holds 1,097 shares worth roughly $-0.57 million.

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Then, Flaherty Mark A. bought 7 shares, generating $2,981 in total proceeds. Upon buying the shares at $448.74, the Director now owns 1,091 shares.

Before that, Flaherty Mark A. bought 7 shares. Goldman Sachs Group, Inc. shares valued at $2,962 were divested by the Director at a price of $416.43 per share. As a result of the transaction, Flaherty Mark A. now holds 1,084 shares, worth roughly $0.57 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 1.25% to $522.75. Over the last five days, the stock has gained 5.69%. Goldman Sachs Group, Inc. shares have risen nearly 35.51% since the year began. Nevertheless, the stocks have risen 68.71% over the past one year. While a 52-week high of $517.97 was reached on 10/14/24, a 52-week low of $289.36 was recorded on 01/19/24. SMA at 50 days reached $493.29, while 200 days put it at $441.97.

Levels Of Support And Resistance For GS Stock

The 24-hour chart illustrates a support level at 517.82, which if violated will result in even more drops to 512.88. On the upside, there is a resistance level at 525.38. A further resistance level may holdings at 528.00. The Relative Strength Index (RSI) on the 14-day chart is 67.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.82%. Stochastics %K at 93.53% 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 2024-09-30, dropping by -1.44 million shares to a total of 4.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.87 million shares. There was a decline of -32.5%, which implies that there is a negative sentiment for the stock.

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