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Goldman Sachs Group, Inc (GS) Becoming More Attractive for Investors

Goldman Sachs Group, Inc’s filing revealed that its Executive Vice President ROGERS JOHN F.W. unloaded Company’s shares for reported $3.0 million on Nov 11 ’24. In the deal valued at $602.41 per share,4,975 shares were sold. As a result of this transaction, ROGERS JOHN F.W. now holds 12,132 shares worth roughly $7.13 million.

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Then, Montag Thomas K. sold 10,000 shares, generating $5,949,640 in total proceeds. Upon selling the shares at $594.96, the Director now owns 2,450 shares.

Before that, Montag Thomas K. sold 10,000 shares. Goldman Sachs Group, Inc shares valued at $5,949,567 were divested by the Director at a price of $594.96 per share. As a result of the transaction, Montag Thomas K. now holds 114,300 shares, worth roughly $67.21 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 fall -0.94% to $587.99. Over the last five days, the stock has lost -2.38%. Goldman Sachs Group, Inc shares have risen nearly 52.42% since the year began. Nevertheless, the stocks have risen 74.65% over the past one year. While a 52-week high of $607.15 was reached on 11/11/24, a 52-week low of $334.55 was recorded on 01/19/24. SMA at 50 days reached $520.06, while 200 days put it at $462.49.

Levels Of Support And Resistance For GS Stock

The 24-hour chart illustrates a support level at 583.45, which if violated will result in even more drops to 578.90. On the upside, there is a resistance level at 593.80. A further resistance level may holdings at 599.61. The Relative Strength Index (RSI) on the 14-day chart is 65.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 23.86, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.83%. Stochastics %K at 82.30% 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 2024-10-31, growing by 0.1 million shares to a total of 4.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.43 million shares. There was a rise of 2.3%, which implies that there is a positive sentiment for the stock.

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