Above 5 years of stock prices. Note the price took off after Paulson took office as Treasury Secretary.
Below, yesterday. Paulson needs to resign !
Goldman Sachs (NYSE: GS) opened at $134.49. So far today, the stock has hit a low of $124.37 and a high of $134.62. GS is now trading at $128.39, down $9.60 (-6.96%). Over the last 52 weeks the stock has ranged from a low of $86.31 to a high of $250.70. Shares of GS are falling this morning as investors seem to be disappointed with the $700 billion financial bailout plan currently up for vote in Congress. Judging from this morning's action, it seems like investors are worried the bailout may not stabilize credit markets. Technical indicators for the stock are neutral and S&P gives GS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on GS the stock seems like it could be a candidate for an October out-of-the-money bear-call credit spread above the 150 range. [ABR-Seven Summits Strategic Investments NewsBite]
