Large Inflow of Money Detected in Goldman Sachs Group (The)

Goldman Sachs Group (The) (GS) : On Wednesday, The money flowed into the Goldman Sachs Group (The) (GS) stock with an uptick to downtick ratio was recorded at 1.15. Transactions worth $91.3 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $79.35 million. The total money flow into the stock was $11.95 million. The block trades reveal a bullish bias with an up-down ratio of 9.41. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $15.18 million of block transactions on upticks. The value of block trades on downticks was $1.61 million, indicating lower selling interest. The total money flow in block trades was $13.57 million. In terms of price action, Goldman Sachs Group (The) (GS) traded down $0.02 during the session at $161.39. Compared to the previous days closing, the stock was down only by -0.01%. For the week, the stock is -0.15%, over previous weeks closing.


Also, Berenberg initiates coverage on Goldman Sachs Group (The) (NYSE:GS). In the latest research report, Berenberg announces the target price to $140 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on July 13, 2016.

Goldman Sachs Group (The) (NYSE:GS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $162.55 and $159.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $162.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $161.77, notching a gain of 0.22% for the day. The total traded volume was 3,547,824 . The stock had closed at $161.41 on the previous day.

The stock has recorded a 20-day Moving Average of 7.18% and the 50-Day Moving Average is 5.61%. 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.

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