In a filing, GE HealthCare Technologies Inc revealed its CEO, Imaging Makela Jan unloaded Company’s shares for reported $5.46 million on May 15 ’24. In the deal valued at $81.54 per share,66,955 shares were sold. As a result of this transaction, Makela Jan now holds 63,348 shares worth roughly $5.19 million.
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Then, Makela Jan sold 20,227 shares, generating $1,649,916 in total proceeds. Upon selling the shares at $81.57, the CEO, Imaging now owns 63,348 shares.
Before that, Jimenez Frank R bought 1,315 shares. GE HealthCare Technologies Inc shares valued at $100,624 were divested by the GC & Corporate Secretary at a price of $76.52 per share. As a result of the transaction, Jimenez Frank R now holds 75,796 shares, worth roughly $6.21 million.
HSBC Securities initiated its GE HealthCare Technologies Inc [GEHC] rating to a Buy in a research note published on February 15, 2024; the price target was $100. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid February from “a Sell” to “a Neutral”. Jefferies began covering GEHC with “Hold” recommendation on November 30, 2023. UBS revised its rating on November 27, 2023. It rated GEHC as “a Sell” which previously was an “a Neutral”.
Price Performance Review of GEHC
On Tuesday, GE HealthCare Technologies Inc [NASDAQ:GEHC] saw its stock jump 0.23% to $81.94. Over the last five days, the stock has gained 1.76%. GE HealthCare Technologies Inc shares have risen nearly 5.98% since the year began. Nevertheless, the stocks have risen 3.28% over the past one year. While a 52-week high of $94.50 was reached on 03/08/24, a 52-week low of $62.35 was recorded on 01/24/24. SMA at 50 days reached $85.66, while 200 days put it at $76.35. A total of 1.15 million shares were traded, compared to the trading of 1.21 million shares in the previous session.
Levels Of Support And Resistance For GEHC Stock
The 24-hour chart illustrates a support level at 81.36, which if violated will result in even more drops to 80.78. On the upside, there is a resistance level at 82.26. A further resistance level may holdings at 82.58. The Relative Strength Index (RSI) on the 14-day chart is 46.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.25%. Stochastics %K at 70.91% indicates the stock is a holding.
The most recent change occurred on September 19, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $82 price target.
