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GE HealthCare Technologies Inc (GEHC) receives a Buy rating from Stifel

In a filing, GE HealthCare Technologies Inc revealed its Ch. Supply Chain & Serv. Ofc. Stacherski Kenneth R. unloaded Company’s shares for reported $1.58 million on Aug 14 ’24. In the deal valued at $83.22 per share,19,008 shares were sold. As a result of this transaction, Stacherski Kenneth R. now holds 38,541 shares worth roughly $3.27 million.

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Then, Kenneth Stacherski bought 19,008 shares, generating $1,572,774 in total proceeds.

Before that, Jan Makela bought 33,096 shares. GE HealthCare Technologies Inc shares valued at $2,753,587 were divested by the Officer at a price of $83.20 per share.

Stifel initiated its GE HealthCare Technologies Inc [GEHC] rating to a Buy in a research note published on August 06, 2024; the price target was $100. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. HSBC Securities began covering GEHC with “Buy” recommendation on February 15, 2024. UBS revised its rating on February 12, 2024. It rated GEHC as “a Neutral” which previously was an “a Sell”.

Price Performance Review of GEHC

On Tuesday, GE HealthCare Technologies Inc [NASDAQ:GEHC] saw its stock fall -0.02% to $84.80. Over the last five days, the stock has gained 0.37%. GE HealthCare Technologies Inc shares have risen nearly 9.67% since the year began. Nevertheless, the stocks have risen 20.37% 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 $81.50, while 200 days put it at $80.77.

Levels Of Support And Resistance For GEHC Stock

The 24-hour chart illustrates a support level at 84.23, which if violated will result in even more drops to 83.66. On the upside, there is a resistance level at 85.47. A further resistance level may holdings at 86.14. The Relative Strength Index (RSI) on the 14-day chart is 57.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.74%. Stochastics %K at 66.26% indicates the stock is a holding.

How much short interest is there in GE HealthCare Technologies Inc?

A steep rise in short interest was recorded in GE HealthCare Technologies Inc stocks on 2024-08-15, dropping by -2.2 million shares to a total of 10.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 12.71 million shares. There was a decline of -20.96%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 30, 2023 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $80 price target.

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