Goldman Sachs Group Sees Unusually High Options Volume (GS)
Shares of Goldman Sachs Group (NYSE:GS) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 9,814 put options on the company, StockRatingsNetwork.com reports. This is an increase of 102% compared to the typical daily volume of 4,860 put options.
A number of analysts have recently weighed in on GS shares. Analysts at Nomura initiated coverage on shares of Goldman Sachs Group in a research note to investors on Thursday, January 9th. They set a “neutral” rating and a $172.00 price target on the stock. Separately, analysts at Societe Generale initiated coverage on shares of Goldman Sachs Group in a research note to investors on Tuesday, January 7th. They set a “sell” rating on the stock. Finally, analysts at Susquehanna set a $206.00 price target on shares of Goldman Sachs Group in a research note to investors on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the company. Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $166.30.
Goldman Sachs Group (NYSE:GS) traded up 1.22% on Wednesday, hitting $178.75. The stock had a trading volume of 3,547,289 shares. Goldman Sachs Group has a 52 week low of $137.29 and a 52 week high of $181.13. The stock has a 50-day moving average of $173.0 and a 200-day moving average of $163.9. The company has a market cap of $81.957 billion and a P/E ratio of 10.70.
The Goldman Sachs Group, Inc (NYSE:GS), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.
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