Goldman Sachs Group (The) (GS) has risen sharply, recording gains of 13.08% in the past 4 weeks. However, the stock has corrected -0.76% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.92% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Goldman Sachs Group (The) (NYSE:GS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $160.29 and $159.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $160.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $160.41, notching a gain of 0.22% for the day. The total traded volume was 1,811,695 . The stock had closed at $160.05 on the previous day.
The stock has recorded a 20-day Moving Average of 5.4% and the 50-Day Moving Average is 4.66%. The Goldman Sachs Group, Inc. has dropped 3.41% during the last 3-month period . Year-to-Date the stock performance stands at -10.24%.
The Goldman Sachs Group, Inc. is a bank holding company and a financial holding company. The Company is a global investment banking, securities and investment management company that provides a range of financial services to a diversified client base that include corporations, financial institutions, Governments and individuals. The Company has four business segments. The Investment Banking segments services include strategic advisory assignments and debt and equity underwriting of public offerings and private placements. Its Institutional Client Services segment makes markets and facilitates client transactions in fixed income, equity, currency and commodity products. Its investing and lending activities include the Companys investing and relationship lending activities across various asset classes, primarily debt securities and loans, public and private equity securities, and real estate. Its investment management segment provides investment and wealth advisory services.