Goldman Sachs Group (The) (GS) : Fridays money flow data in Goldman Sachs Group (The) (GS) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $133.7 million, whereas, $90.71 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.47, in favor of the bulls. The total money flow into the stock was $42.99 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $39.91 million. The total value of block trades done on upticks was $44.13 million. The value of bearish trades on downticks was only $4.23 million.The up/down ratio in the block trades was a healthy 10.44 in favor of the bulls, suggesting strong buying in the stock by large traders. Goldman Sachs Group (The) (GS) fell $0.95 and traded at $168.51, down -0.56% for the day, over previous days close. On a weekly basis, the shares are 1.53% over the previous weeks close.
The company Insiders own 2.61% of Goldman Sachs Group (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -17.8% . Institutional Investors own 71.1% of Goldman Sachs Group (The) shares. During last six month period, the net percent change held by insiders has seen a change of -17.8%.
In a related news, Smith Sarah G, (Principal Accounting Officer) of Goldman Sachs Group Inc, unloaded 2,664 shares at an average price of $170 on August 31, 2016. The total amount of the transaction was worth $452,880, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Goldman Sachs Group (The) (NYSE:GS): The stock opened at $168.52 and touched an intraday high of $169.74 on Friday. During the day, the stock corrected to an intraday low of $167.9, however, the bulls stepped in and pushed the price higher to close in the green at $169.18 with a gain of 0.40% for the day. The total traded volume for the day was 1,747,492. The stock had closed at $168.51 in the previous trading session.
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 4.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.42%, 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 1.93% in the last 1 week, and is up 4.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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.