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

Goldman Sachs Group (The) (GS) : The total negative money flow of $13.42 million on Tuesday indicates selling on strength. The inflow of money on upticks was $112.15 million, compared to $125.57 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.89. The negative money flow of $22.64 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $8.06 million in a block trade.The transaction value of block trade on downtick was $30.7 million. The uptick to downtick ratio was 0.26. The price action in the Goldman Sachs Group (The) (GS) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $169.37 with a gain of $3.15 , a change of 1.9% over the previous days close. The stock registered 2.05% for the week.


Also, Brokerage firm Oppenheimer maintains its rating on Goldman Sachs Group (The) (NYSE:GS). As per the latest information, the brokerage house lowers the price target to $222 per share from a prior target of $223. The shares have been rated Outperform. The rating by the firm was issued on August 3, 2016.

Shares of The Goldman Sachs Group, Inc. rose by 1.98% in the last five trading days and 7.07% for the last 4 weeks. The Goldman Sachs Group, Inc. is up 5.88% in the last 3-month period. Year-to-Date the stock performance stands at -5.23%.

Goldman Sachs Group (The) (NYSE:GS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $166.69 and $166.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $169.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $169.37, notching a gain of 1.90% for the day. The total traded volume was 2,934,067 . The stock had closed at $166.22 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.