Goldman Sachs Group, Inc’s filing revealed 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 $66.01 million.
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.
UBS 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 HSBC Securities’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Hold”. Seaport Research Partners also remained covering GS and has decreased its forecast on July 02, 2024 with a “Neutral” recommendation from previously “Buy” rating. Argus revised its rating on April 16, 2024. It rated GS as “a Buy” which previously was an “a Hold”.
Price Performance Review of GS
On Friday, Goldman Sachs Group, Inc [NYSE:GS] saw its stock fall -3.45% to $560.00. Over the last five days, the stock has lost -2.60%. Goldman Sachs Group, Inc shares have fallen nearly -2.20% since the year began. Nevertheless, the stocks have risen 45.93% over the past one year. While a 52-week high of $612.73 was reached on 01/06/25, a 52-week low of $372.07 was recorded on 01/10/25. SMA at 50 days reached $578.61, while 200 days put it at $496.72.
Levels Of Support And Resistance For GS Stock
The 24-hour chart illustrates a support level at 553.26, which if violated will result in even more drops to 546.51. On the upside, there is a resistance level at 571.50. A further resistance level may holdings at 582.99. The Relative Strength Index (RSI) on the 14-day chart is 39.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.56%. Stochastics %K at 53.66% 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 2024-12-13, dropping by -0.43 million shares to a total of 4.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.79 million shares. There was a decline of -9.92%, which implies that there is a negative sentiment for the stock.
