Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. GE Aerospace shares valued at $3,195,108 were sold by Holston Michael J on Feb 14 ’24. At $144.87 per share, Holston Michael J sold 22,055 shares. The insider’s holdings dropped to 56,284 shares worth approximately $9.08 million following the completion of this transaction.
Also, Holston Michael J sold 13,601 shares, netting a total of over 1,843,616 in proceeds. Following the sale of shares at $135.55 each, the insider now holds 48,339 shares.
Before that, Holston Michael J had sold 112,614 shares from its account. In a trade valued at $12,973,133, the Senior Vice President traded GE Aerospace shares for $115.20 each. Upon closing the transaction, the insider’s holdings decreased to 112,614 shares, worth approximately $9.34 million.
As published in a research note from TD Cowen on April 09, 2024, GE Aerospace [GE] has been rated up from a Hold to a Buy and the price target has been revised to $180 from $175. As of April 04, 2024, Vertical Research has initiated its “Buy” rating for GE. Earlier on March 27, 2024, Wells Fargo resumed its rating. Their recommendation was “an Overweight” for GE stock.
Analyzing GE Stock Performance
During the last five days, there has been a surge of approximately 5.44%. Over the course of the year, GE Aerospace shares have jumped approximately 58.43%. Shares of the company reached a 52-week high of $163.65 on 04/23/24 and a 52-week low of $98.92 on 01/03/24. A 50-day SMA is recorded $138.94, while a 200-day SMA reached $105.58. Nevertheless, trading volume fell to 5.52 million shares from 10.42 million shares the previous day.
Support And Resistance Levels for GE Aerospace (GE)
According to the 24-hour chart, there is a support level at 158.43, which, if violated, would cause prices to drop to 155.59. In the upper region, resistance lies at 162.79. The next price resistance is at 164.31. RSI (Relative Strength Index) is 65.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.29, which suggests the price will increase in the coming days. Percent R is at 14.17%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
