Shares of Goldman Sachs Group (The) (GS) Sees Large Inflow of Net Money Flow

Goldman Sachs Group (The) (GS) : Goldman Sachs Group (The) (GS) had a healthy money flow of $5.99 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $42.06 million, whereas, investors only sold shares worth $36.07 million on downticks. The stock closed the day with an up-down ratio of 1.17.The money flow in the block trades to the tune of $2.51 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $2.51 million worth of transactions were on upticks. Goldman Sachs Group (The) (GS) stock slid $0.42 intraday and traded at 162.47, a change of -0.26% over previous days close. However, for the week, the company shares are -1.61% compared to previous weeks close.


The Goldman Sachs Group, Inc. has lost 2.14% in the last five trading days and dropped 1.67% in the last 4 weeks. The Goldman Sachs Group, Inc. is up 12.78% in the last 3-month period. Year-to-Date the stock performance stands at -8.19%.

Goldman Sachs Group (The) (GS) : 14 analysts are covering Goldman Sachs Group (The) (GS) and their average rating on the stock is 2.36, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Goldman Sachs Group (The) (GS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Goldman Sachs Group (The) (NYSE:GS): The stock opened at $163.34 and touched an intraday high of $163.79 on Wednesday. During the day, the stock corrected to an intraday low of $161.68, however, the bulls stepped in and pushed the price higher to close in the green at $163.45 with a gain of 0.34% for the day. The total traded volume for the day was 1,678,107. The stock had closed at $162.89 in the previous trading session.

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 *