Investors Sell Shares of SPDR Gold Trust (GLD) on Strength (GLD)
Traders sold shares of SPDR Gold Trust (NYSEARCA:GLD) on strength during trading on Wednesday. $193.57 million flowed into the stock on the tick-up and $289.04 million flowed out of the stock on the tick-down, for a money net flow of $95.47 million out of the stock. Of all stocks tracked, SPDR Gold Trust had the 19th highest net out-flow for the day. SPDR Gold Trust traded up $2.15 for the day and closed at $128.23
Separately, Standpoint Research raised their target price on SPDR Gold Trust to $28,000.00 in a report on Thursday, December 7th.
The company has a market capitalization of $35,900.00 and a price-to-earnings ratio of -14.74.
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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).
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