The Latest Breaking News from Goldman Sachs

 

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Goldman Sachs Group Inc (NYSE:GS) reported bank Morgan Stanley (NYSE:MS) to Hong Kong’s financial regulator over a series of block trades, Financial Times reported citing people familiar with the matter.  As part of an “informal” discussion, Goldman alerted the territory’s Securities and Futures Commission three years ago about share price drops in a few Hong…

Stable stocks typically outperform in times of slowing economic growth and tightening financial conditions, Goldman said.

Upgrades

Goldman Sachs analyst Mark Delaney downgraded Volta Inc (NYSE:VLTA) to Sell from Neutral with a price target of $2, down from $3, implying a 26.34% downside. Delany cautioned that macroeconomic, margin, and balance sheet risk factors could weigh on the company. As the increased risk of a recession leads to reduced advertising spending, Volta may…

Someone with a lot of money to spend has taken a bearish stance on Goldman Sachs Group (NYSE:GS). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Upgrades

Roblox Corp (NYSE: RBLX) shares are trading lower by 3.89% to $39.26 in Tuesday's pre-market session after Goldman Sachs downgraded the stock from Buy to Neutral and lowered its price target from $108 to $50.