Investors bought shares of SPDR Gold Trust (NYSEARCA:GLD) on weakness during trading hours on Tuesday. $187.79 million flowed into the stock on the tick-up and $97.60 million flowed out of the stock on the tick-down, for a money net flow of $90.19 million into the stock. Of all stocks tracked, SPDR Gold Trust had the 20th highest net in-flow for the day. SPDR Gold Trust traded down ($1.32) for the day and closed at $125.13
Separately, Standpoint Research increased their target price on shares of SPDR Gold Trust to $28,000.00 in a report on Thursday, December 7th.
The company has a market capitalization of $35,100.00 and a price-to-earnings ratio of -14.38.
COPYRIGHT VIOLATION WARNING: “Investors Buy Shares of SPDR Gold Trust (GLD) on Weakness” was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.tickerreport.com/banking-finance/3226633/investors-buy-shares-of-spdr-gold-trust-gld-on-weakness.html.
SPDR Gold Trust Company Profile
SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).
Receive News & Ratings for SPDR Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.