Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With GS Stock Today?
Goldman Sachs Group Inc (GS) stock is trading at $311.30 as of 11:30 AM on Monday, Mar 20, a rise of $7.90, or 2.6% from the previous closing price of $303.40. The stock has traded between $306.26 and $312.20 so far today. Volume today is below average. So far 1,380,809 shares have traded compared to average volume of 2,876,416 shares.
More About Goldman Sachs Group Inc
Goldman Sachs is a leading global investment banking firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 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 Report for Goldman Sachs Group Inc stock.
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