Among the biggest risers on the S&P 500 on Friday December 06 was Goldman Sachs Group Inc. (The) ($GS), popping some 3.44% to a price of $224.61 a share with some 4.11 million shares trading hands.
Starting the day trading at $219.95, Goldman Sachs Group Inc. (The) reached an intraday high of $225.40 and hit intraday lows of $218.82. Shares gained $7.47 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 354.09 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $151.70 to $224.77.
Goldman Sachs is a global investment banking firm whose activities are organized into investment banking, institutional client services, investing and lending, and investment management segments. Approximately 60% of the company’s net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa. In 2008, Goldman reorganized itself as a financial holding company regulated by the Federal Reserve System.
Goldman Sachs Group Inc. (The) has its corporate headquarters located in New York, NY and employs 35,600 people. Its market cap has now risen to $79.53 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 0.98, and P/FCF n/a.
The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.