Smart Money Is Betting Big In Goldman Sachs Gr Options
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a significant bullish trend in Goldman Sachs Gr (NYSE:GS) options, with 63% of trades being bullish. The analysis highlighted unusual trading activity, including 11 notable trades, with a focus on a price target range of $390.0 to $460.0. The largest trades included both puts and calls, with the most significant being a bearish put for $1.1M and bullish calls ranging up to $114.2K. Goldman Sachs, a major investment bank, is currently trading at $421.09, slightly down by -0.69%. Analysts have given GS an average target price of $429.6, with ratings ranging from Buy to Market Perform.
April 24, 2024 | 4:46 pm
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POSITIVE IMPACT
Goldman Sachs Gr shows a bullish trend in options trading, with a current stock price of $421.09 and an average analyst target price of $429.6. The stock is slightly down by -0.69%.
The bullish trend in options trading, combined with the current trading price and analyst target prices, suggests a positive short-term outlook for GS. The significant trading activity, especially in calls, indicates investor confidence. However, the slight decrease in stock price and the range of analyst target prices suggest some caution. The overall positive analyst ratings and the anticipation of the earnings release in 84 days could contribute to a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100