Goldman Sachs Group Inc. Stock Falls Monday, Underperforms Market
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Shares of Goldman Sachs Group Inc. (GS) sank 0.38% to $324.92 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.02% to 4,192.63 and the Dow Jones Industrial Average falling 0.42% to 33,286.58.
This was the stock's third consecutive day of losses.
Goldman Sachs Group Inc. closed $64.66 short of its 52-week high ($389.58), which the company achieved on November 15th.
The stock underperformed when compared to some of its competitors Monday, as Bank of America Corp. (BAC) rose 0.82% to $28.34, Wells Fargo & Co. (WFC) rose 2.37% to $40.98, and Morgan Stanley (MS) rose 0.04% to $82.27.
Trading volume (1.5 M) remained 976,318 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 22, 2023.
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May 22, 2023 16:59 ET (20:59 GMT)
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