Goldman Sachs Gr's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Investors with significant capital have shown a bearish sentiment towards Goldman Sachs Gr (NYSE:GS) through options trading. Benzinga's options scanner identified 28 unusual trades, with 53% being bearish. The trading activity suggests a focus on a price range between $165.0 and $520.0. Despite this, GS's stock price is up 2.26% at $490.46, with a neutral RSI. An analyst from JP Morgan maintains an Overweight rating with a target price of $472.
September 09, 2024 | 4:00 pm
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NEGATIVE IMPACT
Goldman Sachs Gr (NYSE:GS) has seen a significant amount of bearish options trading, with 53% of trades being bearish. This suggests potential negative sentiment among large investors. However, the stock is currently up 2.26% at $490.46, and an analyst from JP Morgan maintains an Overweight rating with a target price of $472.
The bearish sentiment from large investors, as indicated by the options trading, suggests potential downward pressure on GS's stock price. However, the current stock price increase and the positive analyst rating provide a counterbalance. The overall impact is likely negative in the short term due to the significant bearish options activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100