Goldman Sachs Group Inc (GS.PRA) Price

The P/E ratio of Goldman Sachs Group Inc is 16.9023

Mr. David Solomon is the Chairman of the Board of Goldman Sachs Group Inc, joining the firm since 2017.

The current price of GS.PRA is 21.8, it has decreased 0% in the last trading day.

Goldman Sachs Group Inc belongs to Financial Services industry and the sector is Financials

Goldman Sachs Group Inc's current market cap is $6.5

According to wall street analysts, 21 analysts have made analyst ratings for Goldman Sachs Group Inc, including 7 strong buy, 9 buy, 13 hold, 2 sell, and 7 strong sell

Looks like Goldman Sachs is getting a boost from news of a new partnership with T. Rowe Price to offer alternative investments for retirement accounts, which the market is eating up[^0^]. The stock is showing strong bullish momentum, breaking past previous highs, but some metrics suggest you might want to think twice before aping in at these levels.

Here's the breakdown of what's happening with GS today.

Primary Catalyst: New 401(k) Offerings The main driver for today's move is the announcement that Goldman Sachs and T. Rowe Price will offer new alternative investments, like private equity and credit, for 401(k) retirement accounts by the end of the year[^0^]. This move taps into a significant market, broadening access for retirement savers and creating a new revenue stream for GS's Asset & Wealth Management division. The market is reacting positively to this strategic expansion.

Technical Signals: Bullish but Overheated? The technicals are strong, but there are signs of short-term exhaustion.

• Daily Chart: GS is in a clear uptrend, trading well above its 50-day ($729.7) and 200-day ($626.6) moving averages[^1^]. The daily RSI at 68.36 shows strong momentum but is approaching overbought territory (above 70)[^1^]. The MACD confirms the bullish trend with a positive and expanding histogram[^1^].
• 1-Hour Chart: On the shorter timeframe, the price is consolidating. The MACD shows a recent bearish crossover, with the histogram turning negative[^2^]. This could signal a minor pullback or sideways action is likely before the next leg up.
• Support & Resistance: The stock is currently trading around $786.05[^3^]. The next key resistance level to watch is $793.17[^4^]. A break above this could see further upside. Key support sits far below at $663.87[^4^].

Sentiment & On-Chain Insights Sentiment is a mixed bag and points to some potential risks.

• Analyst Ratings: Wall Street remains bullish. Out of 23 analysts, 16 rate GS as a "Buy" or "Strong Buy," with a high price target of $855.75[^5^]. However, the mean target is $736.11, which the stock has already blown past, suggesting upgrades may be needed to justify the current price[^5^].
• Insider Selling: This is the biggest red flag. Insiders, including President John Waldron and CEO David Solomon, have been selling significant amounts of stock in July and August at prices between $712 and $751[^6^]. This profit-taking at lower levels suggests they might think the stock is fairly valued or approaching a top.
• Social Sentiment: Social media chatter has been surprisingly negative over the past few days, with a sentiment score of -0.3333 and negative mentions outpacing positive ones[^7^]. This divergence between price and social buzz is worth noting.

The stock has momentum from a solid catalyst, but the heavy insider selling and frothy technicals are serious warnings. Maybe watch this one from the sidelines or check the smart money moves on Edgen Radar before you become exit liquidity.