Goldman Sachs Group (The) (NYSE:GS) has tumbled 2.84% during the past week and has dropped 5.74% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.67%. Goldman Sachs Group (The) (NYSE:GS) has underperformed the index by 6.6% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Goldman Sachs Group (The) (NYSE:GS): The stock opened at $146.63 on Friday but the bulls could not build on the opening and the stock topped out at $148.23 for the day. The stock traded down to $145.46 during the day, due to lack of any buying support eventually closed down at $145.64 with a loss of -0.68% for the day. The stock had closed at $146.63 on the previous day. The total traded volume was 4,296,532 shares.
The company shares have dropped -32.73% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $218.77 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $156.38 and the 200 Day Moving Average price is recorded at $160.32.
On the companys insider trading activities, The (Principal Accounting Officer), of Goldman Sachs Group Inc, Smith Sarah G had unloaded 2,664 shares at $162 per share in a transaction on April 20, 2016. The total value of transaction was $431,568. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Credit Suisse maintains the rating on Goldman Sachs Group (The) (NYSE:GS). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency lowers the price target from $200 per share to $180 per share. The rating by the firm was issued on March 30, 2016. Currently the company Insiders own 2.61% of Goldman Sachs Group (The) shares according to the proxy statements. Institutional Investors own 75.45% of Goldman Sachs Group (The) shares.
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.