Shares of Goldman Sachs Group (The) (GS) Sees Large Outflow of Money

Goldman Sachs Group (The) (GS) : The total money flow in Goldman Sachs Group (The) (GS) was negative ($6.5 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $62.8 million. In comparison, the inflow of money into the stock on upticks was $56.3 million. The uptick to downtick ratio was 0.9. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $5.77 million. The value of transactions on uptick was $4.19 million. The negative money flow of ($1.58 million) confirms the selling in Goldman Sachs Group (The) (GS) on strength. The uptick to downtick ratio of block trades was 0.73. Goldman Sachs Group (The) (GS) gained $0.26 at $145.84, a gain of 0.18% over the previous days close. However, the stock registered -1.63% in the week.


Goldman Sachs Group (The) (GS) : The highest level Goldman Sachs Group (The) (GS) is projected to reach is $243 for the short term and the lowest estimate is at $129. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $188.54 and the possibility the share price can swing is $28.9. The stock has recorded a 20-day Moving Average of 0.14% and the 50-Day Moving Average is 4.65%.

Goldman Sachs Group (The) (NYSE:GS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $146.00 and $145.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $148.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $147.00, notching a gain of 0.98% for the day. The total traded volume was 2,578,292 . The stock had closed at $145.58 on the previous day.

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.

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