Goldman Sachs Group (The) (GS) has been under a strong bear grip, hence the stock is down -0.04% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.66% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.72% in the last 1 week, and is up 1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.53% and the 50-Day Moving Average is 5.82%. Goldman Sachs Group (The) (NYSE:GS): On Fridays trading session , Opening price of the stock was $162.67 with an intraday high of $163.37. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $162.07. However, the stock managed to close at $163.25, a loss of 0.37% for the day. On the previous day, the stock had closed at $163.86. The total traded volume of the day was 1,440,839 shares.
The company Insiders own 2.61% of Goldman Sachs Group (The) shares according to the proxy statements. Institutional Investors own 71.63% of Goldman Sachs Group (The) shares. Also, Oppenheimer maintains its view on Goldman Sachs Group (The) (NYSE:GS) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Oppenheimer lowers the price target from $223 per share to $222 per share on Goldman Sachs Group (The). The rating by the firm was issued on August 3, 2016.
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.