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 $3,298,122 were purchased by GOLTEN ALEX S on Jan 28 ’25. At $633.28 per share, GOLTEN ALEX S acquired 5,208 shares.
Also, HALIO CAREY sold 3,640 shares, netting a total of over 2,317,733 in proceeds. Following the sale of shares at $636.74 each, the insider now holds 4,552 shares.
Before that, HALIO CAREY had added 3,640 shares to its account. In a trade valued at $2,327,780, the Managing Director bought Goldman Sachs Group, Inc shares for $639.50 each.
As published in a research note from UBS on January 06, 2025, Goldman Sachs Group, Inc [GS] has been rated down from a Buy to a Neutral and the price target has been revised to $610. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late November. As of July 02, 2024, Seaport Research Partners has decreased its “Buy” rating to a “Neutral” for GS. Earlier on April 16, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for GS stock which previously was a “a Hold”.
Analyzing GS Stock Performance
During the last five days, there has been a surge of approximately 0.73%. Over the course of the year, Goldman Sachs Group, Inc shares have jumped approximately 11.31%. Shares of the company reached a 52-week high of $649.00 on 01/29/25 and a 52-week low of $556.76 on 01/13/25. A 50-day SMA is recorded $593.63, while a 200-day SMA reached $509.32. Nevertheless, trading volume fell to 1.9 million shares from 2.34 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 632.86, which, if violated, would cause prices to drop to 628.34. In the upper region, resistance lies at 645.45. The next price resistance is at 653.52. RSI (Relative Strength Index) is 69.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 23.89, which suggests the price will increase in the coming days. Percent R is at 12.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
