Large block trades involved more than $10 billion of stocks sold by Goldman: media

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Large block trades on Friday causing a wave of selling in a clutch of companies were driven by sales of more than $10 billion executed by Goldman Sachs Group Inc, media reported on Saturday.

FILE PHOTO: The Goldman Sachs company logo is seen in the company's space on the floor of the New York Stock Exchange, in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid

Eric Handler at MKM Partners, who covers Discovery, on Friday said that large blocks of shares in both Viacom and Discovery companies were put in the market on Friday, likely exacerbating the declines.

 

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