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 $1,061,958 were sold by LEE BRIAN J on Oct 17 ’24. At $530.98 per share, LEE BRIAN J sold 2,000 shares. The insider’s holdings dropped to 10,808 shares worth approximately $5.6 million following the completion of this transaction.
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Also, LEE BRIAN J sold 2,000 shares, netting a total of over 1,061,800 in proceeds. Following the sale of shares at $530.90 each, the insider now holds 10,095 shares.
Before that, Lee 2011 Family Trust dtd 5/12 had added 2,000 shares to its account. In a trade valued at $1,059,720, the insider bought Goldman Sachs Group, Inc shares for $529.86 each.
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 -1.28%. Over the course of the year, Goldman Sachs Group, Inc shares have jumped approximately 34.22%. Shares of the company reached a 52-week high of $540.51 on 10/15/24 and a 52-week low of $372.07 on 01/19/24. A 50-day SMA is recorded $501.97, while a 200-day SMA reached $451.01. Nevertheless, trading volume fell to 1.7 million shares from 1.44 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 513.21, which, if violated, would cause prices to drop to 508.64. In the upper region, resistance lies at 523.68. The next price resistance is at 529.58. RSI (Relative Strength Index) is 54.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.20, which suggests the price will decrease in the coming days. Percent R is at 76.32%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
