GE Aerospace’s recent filing unveils that its Senior Vice President Holston Michael J unloaded Company’s shares for reported $3.2 million on Feb 14 ’24. In the deal valued at $144.87 per share,22,055 shares were sold. As a result of this transaction, Holston Michael J now holds 56,284 shares worth roughly $8.45 million.
Then, Holston Michael J sold 13,601 shares, generating $1,843,616 in total proceeds. Upon selling the shares at $135.55, the Senior Vice President now owns 48,339 shares.
Before that, Holston Michael J sold 112,614 shares. GE Aerospace shares valued at $12,973,133 were divested by the Senior Vice President at a price of $115.20 per share. As a result of the transaction, Holston Michael J now holds 57,923 shares, worth roughly $8.7 million.
TD Cowen upgraded its GE Aerospace [GE] rating to a Buy from a a Hold in a research note published on April 09, 2024; the price target was increased to $180 from $175. Vertical Research began covering GE with “Buy” recommendation on April 04, 2024. Wells Fargo maintained its rating on March 27, 2024. It rated GE as “an Overweight”.
Price Performance Review of GE
On Monday, GE Aerospace [NYSE:GE] saw its stock jump 1.44% to $150.19. Over the last five days, the stock has lost -2.28%. GE Aerospace shares have risen nearly 47.55% since the year began. Nevertheless, the stocks have risen 88.77% over the past one year. While a 52-week high of $158.68 was reached on 04/15/24, a 52-week low of $76.63 was recorded on 01/03/24. SMA at 50 days reached $136.02, while 200 days put it at $104.48. A total of 7.03 million shares were traded, compared to the trading of 9.57 million shares in the previous session.
Levels Of Support And Resistance For GE Stock
The 24-hour chart illustrates a support level at 148.71, which if violated will result in even more drops to 147.23. On the upside, there is a resistance level at 151.79. A further resistance level may holdings at 153.39. The Relative Strength Index (RSI) on the 14-day chart is 56.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.09%. Stochastics %K at 64.21% indicates the stock is a holding.
