Goldman Sachs Group Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Goldman Sachs Group Inc. (GS) slid 1.35% to $323.90 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.61% to 4,179.83 and Dow Jones Industrial Average falling 0.41% to 32,908.27.
This was the stock's second consecutive day of losses.
Goldman Sachs Group Inc. closed $65.68 below its 52-week high ($389.58), which the company reached on November 15th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Bank of America Corp. (BAC) fell 1.66% to $27.79, Wells Fargo & Co. (WFC) fell 2.86% to $39.81, and Morgan Stanley (MS) fell 1.99% to $81.76.
Trading volume (2.7 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 31, 2023.
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May 31, 2023 16:59 ET (20:59 GMT)
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