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 $2,996,975 were sold by ROGERS JOHN F.W. on Nov 11 ’24. At $602.41 per share, ROGERS JOHN F.W. sold 4,975 shares. The insider’s holdings dropped to 12,132 shares worth approximately $7.23 million following the completion of this transaction.
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Also, Montag Thomas K. sold 10,000 shares, netting a total of over 5,949,640 in proceeds. Following the sale of shares at $594.96 each, the insider now holds 2,450 shares.
Before that, Montag Thomas K. had sold 10,000 shares from its account. In a trade valued at $5,949,567, the Director traded Goldman Sachs Group, Inc shares for $594.96 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $68.14 million.
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 1.27%. Over the course of the year, Goldman Sachs Group, Inc shares have jumped approximately 54.52%. Shares of the company reached a 52-week high of $607.15 on 11/11/24 and a 52-week low of $372.07 on 01/19/24. A 50-day SMA is recorded $527.00, while a 200-day SMA reached $465.52. Nevertheless, trading volume fell to 2.28 million shares from 1.53 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 586.85, which, if violated, would cause prices to drop to 577.58. In the upper region, resistance lies at 603.04. The next price resistance is at 609.96. RSI (Relative Strength Index) is 66.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.15, which suggests the price will increase in the coming days. Percent R is at 11.42%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
