Analysts review GE HealthCare Technologies Inc.’s rating


GE HealthCare Technologies Inc.’s recently made public that its CEO, PDx O’Neill Kevin Michael unloaded Company’s shares for reported $1.21 million on Jul 31. In the deal valued at $77.32 per share,15,609 shares were sold. As a result of this transaction, O’Neill Kevin Michael now holds 24,025 shares worth roughly $ 1.66 million.

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Then, Rott Roland sold 2,473 shares, generating $191,336 in total proceeds. Upon selling the shares at $77.37, the CEO, Ultrasound now owns 22,335 shares.

Before that, Makela Jan sold 70,629 shares. GE HealthCare Technologies Inc. shares valued at $5,487,379 were divested by the CEO, Imaging at a price of $77.69 per share. As a result of the transaction, Makela Jan now holds 63,796 shares, worth roughly $4.42 million.

Argus initiated its GE HealthCare Technologies Inc. [GEHC] rating to a Buy in a research note published on Friday, August 25, 2023; the price target was $80. PT values the company’s stock at a premium of 13.44 to its Friday closing price.

Price Performance Review of GEHC

On Friday, GE HealthCare Technologies Inc. [NASDAQ:GEHC] saw its stock fall -1.70% to $69.25. On the same session, the stock had its day’s lowest price of $69.10, but rose to a high of $71.02. Over the last five days, the stock has gained 0.96%. GE HealthCare Technologies Inc. shares have risen nearly 18.62% since the year began. A total of 2.08 million shares were traded, compared to the trading of 3.57 million shares in the previous session.

Levels Of Support And Resistance For GEHC Stock

The 24-hour chart illustrates a support level at 68.56, which if violated will result in even more drops to 67.87. On the upside, there is a resistance level at 70.48. A further resistance level may holdings at 71.71. The Relative Strength Index (RSI) on the 14-day chart is 33.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.88%. Stochastics %K at 51.82% indicates the stock is a holding.

How much short interest is there in GE HealthCare Technologies Inc.?

A steep rise in short interest was recorded in GE HealthCare Technologies Inc. stocks on Aug 14, 2023, growing by 0.87 million shares to a total of 8.21 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 7.34 million shares. There was a rise of 10.6%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.25% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.59.

According to FactSet, GE HealthCare Technologies Inc.’s share price will average $89.90 in the next year, based on opinions of analysts polled by the firm. This is up nearly 29.17 percent from its previous closing price of $70.45. Analysts expect GE HealthCare Technologies Inc. stock to reach the higher price of $99.00, while the lowest price estimate is $78.00. However, 13 analysts have rated GEHC stock as an Overweight in their predictions for 2023.


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