Dip And Rip In Goldman Sachs After Q1 Report

Goldman Sachs Group Inc GS shares are trading higher by $3.30 (2.2 percent) at $162.32 in Tuesday's volatile session. The catalyst behind the choppy session is the company's Q1 results. Despite an EPS beat of $0.23, the Street was focusing on its sales miss of of nearly $30 million in the pre-market and the early part of the session.

Upon the release of the report just after 7:30 a.m. ET, the issue spiked down to $156.75 but quickly recovered. By the open of the regular session, it was still under $158. Shortly after the open, it dipped and found support just under Monday's low of $157.15, reaching $157 before sharply reversing course.

For the most part in a straight up move, it surpassed its former high for the move ($162.27), rallying to $163.70 before backing off the $162 area. That marks the highest level for the issue since it peaked on January 13 at $167.10.

That is about $10 away from its 2016 high, which was made on January 5 at $177.50.

Goldman Sachs ended 2015 at $180.23.