Investors purchased shares of SPDR Gold Trust (NYSEARCA:GLD) on weakness during trading on Wednesday. $147.73 million flowed into the stock on the tick-up and $44.16 million flowed out of the stock on the tick-down, for a money net flow of $103.57 million into the stock. Of all stocks tracked, SPDR Gold Trust had the 3rd highest net in-flow for the day. SPDR Gold Trust traded down ($0.08) for the day and closed at $125.70
Separately, Standpoint Research boosted their price target on shares of SPDR Gold Trust to $28,000.00 in a research note on Thursday, December 7th.
The stock has a market capitalization of $35,520.00 and a P/E ratio of -14.45.
ILLEGAL ACTIVITY WARNING: “Investors Buy Shares of SPDR Gold Trust (GLD) on Weakness” was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.themarketsdaily.com/2018/03/14/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.