Goldman Sachs Group (The) (GS) Shares are Up 1.93%

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 stock has recorded a 20-day Moving Average of 2.55% and the 50-Day Moving Average is 6.83%.The 200 Day SMA reached 5.85%. The Goldman Sachs Group, Inc. is up 8.14% in the last 3-month period. Year-to-Date the stock performance stands at -4.97%.


Goldman Sachs Group (The) (NYSE:GS): After opening at $168.52, the stock dipped to an intraday low of $167.9 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $169.74 and the buying power remained strong till the end. The stock closed at $169.18 for the day, a gain of 0.40% for the day session. The total traded volume was 1,747,492. The stocks close on the previous trading day was $168.51.

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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