Goldman Sachs Group (The) (GS) Shares Slide -1%

Goldman Sachs Group (The) (GS) has risen sharply, recording gains of 7.12% in the past 4 weeks. However, the stock has corrected -1% 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 3.64% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.62% and the 50-Day Moving Average is 3.3%. The Goldman Sachs Group, Inc. has dropped 2.83% during the last 3-month period . Year-to-Date the stock performance stands at -11.14%.


Goldman Sachs Group (The) (NYSE:GS): On Fridays trading session , Opening price of the stock was $159.51 with an intraday high of $160.19. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $158.65. However, the stock managed to close at $158.81, a loss of 1.07% for the day. On the previous day, the stock had closed at $160.53. The total traded volume of the day was 2,388,194 shares.

Also, Oppenheimer maintains their rating on the shares of Goldman Sachs Group (The) (NYSE:GS). The current rating of the shares is Outperform. Equity Analysts at the Firm raises the price target to $223 per share from $222 per share. The rating by the firm was issued on July 27, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.