Goldman Sachs Group (The) (GS) : Traders are bullish on Goldman Sachs Group (The) (GS) as it has outperformed the S&P 500 by a wide margin of 6.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.9%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.49% in the last 1 week, and is up 10.99% 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 8.77% and the 50-Day Moving Average is 5.66%.
Goldman Sachs Group (The) (NYSE:GS): The stock opened at $162.86 on Friday but the bulls could not build on the opening and the stock topped out at $163.14 for the day. The stock traded down to $160.70 during the day, due to lack of any buying support eventually closed down at $161.64 with a loss of -0.55% for the day. The stock had closed at $162.54 on the previous day. The total traded volume was 3,078,402 shares.
The company Insiders own 2.61% of Goldman Sachs Group (The) shares according to the proxy statements. Institutional Investors own 75.46% of Goldman Sachs Group (The) shares. In a related news, Smith Sarah G, (Principal Accounting Officer) of Goldman Sachs Group Inc, unloaded 2,664 shares at an average price of $162 on April 20, 2016. The total amount of the transaction was worth $431,568, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.