Overall market sentiment has been high on Goldman Sachs Group Inc (GS) stock lately. GS receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With GS Stock Today?
Goldman Sachs Group Inc (GS) stock is trading at $342.43 as of 2:50 PM on Friday, Apr 16, a rise of $3.88, or 1.15% from the previous closing price of $338.55. The stock has traded between $338.62 and $343.74 so far today. Volume today is 2,636,653 compared to average volume of 3,166,090.
To see the top 5 stocks in the Capital Markets industry click here.
More About Goldman Sachs Group Inc
Goldman Sachs is a leading global investment banking firm whose activities are organized into investment banking (20% of net revenue), global markets (40%), asset management (25%), and consumer and wealth management (15%) segments. Approximately 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa. In 2008, Goldman reorganized itself as a financial holding company regulated by the Federal Reserve System.
Click Here to get the full Stock Score Report on Goldman Sachs Group Inc (GS) Stock.
