Goldman Sachs Group Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Goldman Sachs Group Inc. (GS) slumped 0.68% to $322.55 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.45% to 4,137.64 and the Dow Jones Industrial Average falling 0.09% to 33,531.33.
This was the stock's third consecutive day of losses.
Goldman Sachs Group Inc. closed $67.03 short of its 52-week high ($389.58), which the company reached on November 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Bank of America Corp. (BAC) fell 1.23% to $27.32, Wells Fargo & Co. (WFC) fell 0.67% to $38.28, and Morgan Stanley (MS) fell 0.77% to $83.72.
Trading volume (1.7 M) remained 896,952 below its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 10, 2023.
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May 10, 2023 16:59 ET (20:59 GMT)
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