Investors Buy Shares of SPDR Gold Trust (GLD) on Weakness
Traders bought shares of SPDR Gold Trust (NYSEARCA:GLD) on weakness during trading on Tuesday. $93.09 million flowed into the stock on the tick-up and $58.37 million flowed out of the stock on the tick-down, for a money net flow of $34.72 million into the stock. Of all companies tracked, SPDR Gold Trust had the 13th highest net in-flow for the day. SPDR Gold Trust traded down ($0.56) for the day and closed at $124.31
Separately, Standpoint Research boosted their price target on SPDR Gold Trust to $28,000.00 in a report on Thursday, December 7th.
The stock has a market cap of $35,300.00 and a price-to-earnings ratio of -14.54.
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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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