Goldman Sachs Group, Inc’s recently made public that its Chief Risk Officer LEE BRIAN J unloaded Company’s shares for reported $1.06 million on Oct 17 ’24. In the deal valued at $530.98 per share,2,000 shares were sold. As a result of this transaction, LEE BRIAN J now holds 10,808 shares worth roughly $5.53 million.
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Then, LEE BRIAN J sold 2,000 shares, generating $1,061,800 in total proceeds. Upon selling the shares at $530.90, the Chief Risk Officer now owns 10,095 shares.
Before that, Lee 2011 Family Trust dtd 5/12 bought 2,000 shares. Goldman Sachs Group, Inc shares valued at $1,059,720 were divested by the insider at a price of $529.86 per share.
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 -1.52% to $511.47. Over the last five days, the stock has lost -2.31%. Goldman Sachs Group, Inc shares have risen nearly 32.58% since the year began. Nevertheless, the stocks have risen 63.01% over the past one year. While a 52-week high of $540.51 was reached on 10/15/24, a 52-week low of $308.00 was recorded on 01/19/24. SMA at 50 days reached $502.45, while 200 days put it at $452.37.
Levels Of Support And Resistance For GS Stock
The 24-hour chart illustrates a support level at 508.64, which if violated will result in even more drops to 505.80. On the upside, there is a resistance level at 516.18. A further resistance level may holdings at 520.88. The Relative Strength Index (RSI) on the 14-day chart is 48.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.27%. Stochastics %K at 18.78% indicates the stock is a buying.
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 2024-10-15, dropping by -0.22 million shares to a total of 4.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.0 million shares. There was a decline of -4.58%, which implies that there is a negative sentiment for the stock.
