Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Goldman Sachs Group, Inc shares valued at $4,001,460 were sold by SOLOMON DAVID M on Nov 29 ’24. At $610.91 per share, SOLOMON DAVID M sold 6,550 shares. The insider’s holdings dropped to 117,883 shares worth approximately $65.31 million following the completion of this transaction.
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Also, VINIAR DAVID A sold 5,000 shares, netting a total of over 3,060,400 in proceeds. Following the sale of shares at $612.08 each, the insider now holds 608,425 shares.
Before that, VINIAR DAVID A had added 5,000 shares to its account. In a trade valued at $3,027,150, the Director bought Goldman Sachs Group, Inc shares for $605.43 each.
As published in a research note from HSBC Securities on November 26, 2024, Goldman Sachs Group, Inc [GS] has been rated down from a Buy to a Hold and the price target has been revised to $608 from $569. Analysts at Seaport Research Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early July. As of April 16, 2024, Argus has increased its “Hold” rating to a “Buy” for GS. Earlier on March 14, 2024, Daiwa Securities upgraded its rating. Their new recommendation was “an Outperform” for GS stock which previously was a “a Neutral”.
Analyzing GS Stock Performance
During the last five days, there has been a drop of approximately -6.36%. Over the course of the year, Goldman Sachs Group, Inc shares have jumped approximately 43.61%. Shares of the company reached a 52-week high of $612.73 on 11/29/24 and a 52-week low of $372.07 on 01/19/24. A 50-day SMA is recorded $564.30, while a 200-day SMA reached $484.87. Nevertheless, trading volume fell to 2.74 million shares from 3.01 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 549.39, which, if violated, would cause prices to drop to 544.80. In the upper region, resistance lies at 562.79. The next price resistance is at 571.60. RSI (Relative Strength Index) is 35.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -27.01, which suggests the price will decrease in the coming days. Percent R is at 85.91%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
