Goldman Sachs Trading Volume Surges 86.57% to $2.678 Billion, Ranks 26th Despite 9.21% Stock Price Drop
1min read On April 3, 2025, goldman sachs (GS) saw a significant increase in trading volume, with a total of $2.678 billion in shares traded, marking an 86.57% rise from the previous day. This surge placed Goldman Sachs at the 26th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of Goldman Sachs declined by 9.21%.
Goldman Sachs, along with other major Wall Street banks, experienced a significant drop in stock prices. This decline was attributed to the turmoil caused by President Trump's tariff policies, which created uncertainty in the market. The stock prices of JPMorgan Chase, Wells Fargo, Citigroup, Morgan Stanley, and Bank of America also fell between 7% and 12%.
Morgan Stanley, a major competitor of Goldman Sachs, reduced its target price for Goldman Sachs from $782.00 to $659.00 while maintaining an "overweight" rating on the stock. This adjustment reflects the current market sentiment and the potential impact of the tariff policies on Goldman Sachs' performance.
Despite the recent decline, the overall analyst consensus on Goldman Sachs remains positive. The average price target for Goldman Sachs is $648.23, which implies an 18.12% upside from current levels. This suggests that analysts still see potential for growth in Goldman Sachs' stock price, despite the current market volatility.
Ask Aime: What factors may have contributed to Goldman Sachs' stock price drop despite an increase in trading volume and why do analysts still hold a positive outlook?
