Goldman Sachs Group, Inc’s recent filing unveils that its Chairman of the Board and CEO SOLOMON DAVID M unloaded Company’s shares for reported $4.0 million on Nov 29 ’24. In the deal valued at $610.91 per share,6,550 shares were sold. As a result of this transaction, SOLOMON DAVID M now holds 117,883 shares worth roughly $70.97 million.
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Then, VINIAR DAVID A sold 5,000 shares, generating $3,060,400 in total proceeds. Upon selling the shares at $612.08, the Director now owns 608,425 shares.
Before that, VINIAR DAVID A bought 5,000 shares. Goldman Sachs Group, Inc shares valued at $3,027,150 were divested by the Director at a price of $605.43 per share.
HSBC Securities downgraded its Goldman Sachs Group, Inc [GS] rating to a Hold from a a Buy in a research note published on November 26, 2024; the price target was increased to $608 from $569. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in early July from “a Buy” to “a Neutral”. Argus also remained covering GS and has increased its forecast on April 16, 2024 with a “Buy” recommendation from previously “Hold” rating. Daiwa Securities revised its rating on March 14, 2024. It rated GS as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of GS
On Tuesday, Goldman Sachs Group, Inc [NYSE:GS] saw its stock jump 0.06% to $602.08. Over the last five days, the stock has lost -0.16%. Goldman Sachs Group, Inc shares have risen nearly 56.07% since the year began. Nevertheless, the stocks have risen 72.80% over the past one year. While a 52-week high of $612.73 was reached on 11/29/24, a 52-week low of $340.54 was recorded on 01/19/24. SMA at 50 days reached $542.91, while 200 days put it at $473.22.
Levels Of Support And Resistance For GS Stock
The 24-hour chart illustrates a support level at 598.11, which if violated will result in even more drops to 594.15. On the upside, there is a resistance level at 608.73. A further resistance level may holdings at 615.39. The Relative Strength Index (RSI) on the 14-day chart is 65.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.61%. Stochastics %K at 76.87% indicates the stock is a holding.
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 2024-11-15, growing by 10080.0 shares to a total of 4.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.78 million shares. There was a rise of 0.21%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 27, 2024 when Edward Jones began covering the stock and recommended ‘”a Buy”‘ rating .