Goldman Sachs Group Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Goldman Sachs Group Inc. (GS) sank 0.53% to $324.77 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.46% to 4,119.17 and Dow Jones Industrial Average falling 0.17% to 33,561.81.
This was the stock's second consecutive day of losses.
Goldman Sachs Group Inc. closed $64.81 short of its 52-week high ($389.58), which the company reached on November 15th.
The stock underperformed when compared to some of its competitors Tuesday, as Bank of America Corp. (BAC) fell 0.11% to $27.66, Wells Fargo & Co. (WFC) rose 0.42% to $38.54, and Morgan Stanley (MS) fell 0.07% to $84.37.
Trading volume (1.2 M) remained 1.4 million below its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 9, 2023.
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May 09, 2023 16:59 ET (20:59 GMT)
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