Gol Linhas Aéreas Inteligentes (NYSE:GOL) Shares Cross Above 200 Day Moving Average of $3.29

Posted by on Aug 9th, 2023

Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.29 and traded as high as $3.83. Gol Linhas Aéreas Inteligentes shares last traded at $3.83, with a volume of 562,877 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Gol Linhas Aéreas Inteligentes from a “buy” rating to a “hold” rating and set a $5.00 price objective on the stock. in a research report on Thursday, June 15th. HSBC downgraded shares of Gol Linhas Aéreas Inteligentes from a “buy” rating to a “hold” rating in a research report on Monday, June 12th. StockNews.com assumed coverage on shares of Gol Linhas Aéreas Inteligentes in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Barclays increased their price objective on shares of Gol Linhas Aéreas Inteligentes from $3.50 to $5.50 in a research report on Monday, July 10th. Finally, The Goldman Sachs Group cut shares of Gol Linhas Aéreas Inteligentes from a “buy” rating to a “neutral” rating and upped their target price for the company from $4.80 to $5.65 in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.38.

Read Our Latest Research Report on Gol Linhas Aéreas Inteligentes

Gol Linhas Aéreas Inteligentes Trading Up 1.5 %

The stock’s fifty day simple moving average is $4.37 and its 200 day simple moving average is $3.29.

Institutional Trading of Gol Linhas Aéreas Inteligentes

A number of hedge funds and other institutional investors have recently modified their holdings of GOL. SG Americas Securities LLC increased its stake in shares of Gol Linhas Aéreas Inteligentes by 1,141.7% in the second quarter. SG Americas Securities LLC now owns 330,282 shares of the transportation company’s stock worth $1,803,000 after purchasing an additional 303,682 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Gol Linhas Aéreas Inteligentes by 925.1% in the second quarter. Jane Street Group LLC now owns 301,833 shares of the transportation company’s stock worth $1,043,000 after purchasing an additional 272,388 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Gol Linhas Aéreas Inteligentes by 253.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 325,726 shares of the transportation company’s stock valued at $857,000 after acquiring an additional 233,440 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Gol Linhas Aéreas Inteligentes during the fourth quarter valued at $474,000. Finally, Barclays PLC grew its stake in Gol Linhas Aéreas Inteligentes by 263.5% during the second quarter. Barclays PLC now owns 179,475 shares of the transportation company’s stock valued at $980,000 after acquiring an additional 130,100 shares in the last quarter. 0.55% of the stock is owned by hedge funds and other institutional investors.

Gol Linhas Aéreas Inteligentes Company Profile

(Get Free Report)

GOL Linhas Aereas Inteligentes SA engages in the provision of air transportation for passengers and cargo. It operates its business through the Air Transportation and Loyalty Program segments. The Air Transportation segment includes services for regular and non-scheduled national and international passengers, cargo, and mail bags.

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