The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Goldman Sachs Group, Inc shares valued at $1,567,179 were purchased by FREDMAN SHEARA J on Nov 06 ’24. At $526.96 per share, FREDMAN SHEARA J acquired 2,974 shares.
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Also, ROGERS JOHN F.W. purchased 6,416 shares, netting a total of over 3,380,975 in proceeds.
Before that, COLEMAN DENIS P. had added 12,929 shares to its account. In a trade valued at $6,813,066, the Managing Director bought Goldman Sachs Group, Inc shares for $526.96 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 surge of approximately 12.43%. Over the course of the year, Goldman Sachs Group, Inc shares have jumped approximately 50.91%. Shares of the company reached a 52-week high of $598.60 on 11/06/24 and a 52-week low of $372.07 on 01/19/24. A 50-day SMA is recorded $506.18, while a 200-day SMA reached $455.17. Nevertheless, trading volume fell to 4.47 million shares from 8.04 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 577.46, which, if violated, would cause prices to drop to 572.75. In the upper region, resistance lies at 590.94. The next price resistance is at 599.71. RSI (Relative Strength Index) is 71.17 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 38.63, which suggests the price will increase in the coming days. Percent R is at 18.66%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
