In a filing, GE Aerospace revealed its Senior Vice President Stokes Russell unloaded Company’s shares for reported $7.38 million on May 23 ’24. In the deal valued at $162.82 per share,45,309 shares were sold. As a result of this transaction, Stokes Russell now holds 112,958 shares worth roughly $17.96 million.
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Then, Giglietti Robert M. sold 5,127 shares, generating $821,294 in total proceeds. Upon selling the shares at $160.19, the Vice President now owns 6,448 shares.
Before that, Procacci Riccardo sold 5,464 shares. GE Aerospace shares valued at $873,694 were divested by the Senior Vice President at a price of $159.90 per share. As a result of the transaction, Procacci Riccardo now holds 14,145 shares, worth roughly $2.25 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 unchanged to $158.97. Over the last five days, the stock has lost -0.98%. GE Aerospace shares have risen nearly 56.18% since the year began. Nevertheless, the stocks have risen 85.01% over the past one year. While a 52-week high of $170.80 was reached on 05/07/24, a 52-week low of $84.16 was recorded on 01/03/24. SMA at 50 days reached $161.85, while 200 days put it at $121.81. A total of 4.41 million shares were traded, compared to the trading of 8.64 million shares in the previous session.
Levels Of Support And Resistance For GE Stock
The 24-hour chart illustrates a support level at 156.21, which if violated will result in even more drops to 153.46. On the upside, there is a resistance level at 161.56. A further resistance level may holdings at 164.16. The Relative Strength Index (RSI) on the 14-day chart is 45.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.71%. Stochastics%K at 43.86% indicates the stock is a holding.
