DiscoverGold
1 month ago
Goldman Sachs $GS plans to cut more than 1,300 employees from its global workforce as part of an annual review process to cull the low performers
By: Evan | August 30, 2024
• Goldman Sachs $GS plans to cut more than 1,300 employees from its global workforce as part of an annual review process to cull the low performers
Goldman will likely cut between 3% -4% of its workforce which would affect between 1,300-1,800 people - WSJ
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DiscoverGold
4 months ago
Traders Scored 200% Profit with Goldman Sachs Call
By: Schaeffer's Investment Research | June 24, 2024
• Shares immediately jumped off the 50-day trendline
• It took less than three days for options bulls to triple their money
Expiration Week Countdown subscribers tripled their money in less than three days with our Goldman Sachs Group Inc (NYSE:GS) June 442.50 call recommendation, which they received on Sunday, June 17.
At the time of our recommendation, bank giant GS had pulled back to its 50-day and 10-week moving averages and bounced near the last earnings report's anchored volume weighted average price (VWAP). Shares were also up off $440, where there was a large buildup of open interest that could have acted as options-related support, and there was opportunity for the 460-, 465-, 470-, and even 480-strikes to pull price higher on a rally into options expiration.
Short-term options traders had been more bearish than usual, leaving pessimism to unwind. This is per the security's Schaeffer's put/call open interest ratio (SOIR) of 1.55, which stood in the 96th percentile of readings from the past year.
Shares immediately jumped off the aforementioned 50-day trendline, and our subscribers scored a 200% profit on June 20, when GS notched its fourth-straight daily win.
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Saving Grace
6 months ago
Insiders Dumping Large positions. They are running away.
Over the past year, many The Goldman Sachs Group, Inc. (NYSE:GS) insiders sold a significant stake in the company which may have piqued investors' interest. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.
https://finance.yahoo.com/news/possible-bearish-signals-goldman-sachs-110021095.html
DiscoverGold
10 months ago
The Goldman Sachs Group, Inc. (GS) Shares Sold by The Manufacturers Life Insurance Company
By: MarketBeat | November 24, 2023
• The Manufacturers Life Insurance Company trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,639,384 shares of the investment management company's stock after selling 129,011 shares during the period. The Manufacturers Life Insurance Company owned 0.50% of The Goldman Sachs Group worth $528,767,000 as of its most recent filing with the Securities and Exchange Commission...
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