GOP Senator Ted Cruz Sold Shares Of This Big Bank On Q1 Earnings Release Date: Here Are The Details
Portfolio Pulse from Shanthi Rexaline
Sen. Ted Cruz disclosed a transaction where his spouse sold shares of Goldman Sachs Group, Inc. (NYSE:GS) on April 15, coinciding with the company's Q1 earnings release. The sale could be worth up to $500,000. Goldman Sachs reported strong Q1 results, with the stock rallying about 3% on the earnings release day before pulling back 1% the next session. The stock has since reversed course, closing at $423.04, down 0.23% from its previous close.
April 25, 2024 | 8:30 am
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Goldman Sachs reported strong Q1 results, with the stock initially rallying 3% on earnings day, then pulling back 1% the next session, and later closing at $423.04, down 0.23%.
The sale of Goldman Sachs shares by Sen. Ted Cruz's spouse on the earnings release day, combined with the company's strong Q1 performance, suggests a positive short-term impact on GS stock. The stock's initial rally post-earnings indicates investor confidence, though the slight pullback the next session reflects market adjustments. The overall upward trend in GS stock price post-earnings, despite a minor dip, underscores the strong financial health and investor sentiment towards Goldman Sachs.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100