GE HealthCare Technologies Inc’s recently made public that its Chief Technology Officer Kass-Hout Taha unloaded Company’s shares for reported $0.26 million on May 28 ’24. In the deal valued at $78.70 per share,3,300 shares were sold. As a result of this transaction, Kass-Hout Taha now holds 67,300 shares worth roughly $5.22 million.
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Then, Makela Jan sold 66,955 shares, generating $5,459,511 in total proceeds. Upon selling the shares at $81.54, the CEO, Imaging now owns 63,348 shares.
Before that, Makela Jan sold 20,227 shares. GE HealthCare Technologies Inc shares valued at $1,649,916 were divested by the CEO, Imaging at a price of $81.57 per share. As a result of the transaction, Makela Jan now holds 63,348 shares, worth roughly $4.91 million.
Goldman initiated its GE HealthCare Technologies Inc [GEHC] rating to a Neutral in a research note published on May 30, 2024; the price target was $87. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in mid February with a ‘”a Buy”‘ rating. UBS also remained covering GEHC and has increased its forecast on February 12, 2024 with a “Neutral” recommendation from previously “Sell” rating. Jefferies started covering the stock on November 30, 2023. It rated GEHC as “a Hold”.
Price Performance Review of GEHC
On Tuesday, GE HealthCare Technologies Inc [NASDAQ:GEHC] saw its stock jump 0.48% to $77.52. Over the last five days, the stock has lost -1.56%. GE HealthCare Technologies Inc shares have risen nearly 0.26% since the year began. Nevertheless, the stocks have fallen -3.06% 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 $83.60, while 200 days put it at $76.65. A total of 1.97 million shares were traded, compared to the trading of 3.06 million shares in the previous session.
Levels Of Support And Resistance For GEHC Stock
The 24-hour chart illustrates a support level at 76.57, which if violated will result in even more drops to 75.63. On the upside, there is a resistance level at 78.14. A further resistance level may holdings at 78.77. The Relative Strength Index (RSI) on the 14-day chart is 36.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.22%. Stochastics %K at 16.39% indicates the stock is a buying.
