Traders purchased shares of SPDR Gold Shares (NYSEARCA:GLD) on weakness during trading on Tuesday. $179.17 million flowed into the stock on the tick-up and $152.69 million flowed out of the stock on the tick-down, for a money net flow of $26.48 million into the stock. Of all equities tracked, SPDR Gold Shares had the 23rd highest net in-flow for the day. SPDR Gold Shares traded down ($0.58) for the day and closed at $124.73
Separately, Standpoint Research boosted their price objective on SPDR Gold Shares to $28,000.00 in a research note on Thursday, December 7th.
The stock has a market cap of $35,320.00 and a P/E ratio of -14.34.
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About SPDR Gold Shares
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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