Following these proceedings, BofA Securities upgraded its GE Vernova Inc. [GEV] rating to a Buy from a a Neutral in a research note published on September 17, 2024; the price target was increased to $300 from $200. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. BMO Capital Markets began covering GEV with “an Outperform” recommendation on September 13, 2024. Jefferies started covering the stock on September 04, 2024. It rated GEV as “a Buy”.
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Price Performance Review of GEV
On Tuesday, GE Vernova Inc. [NYSE:GEV] saw its stock jump 3.14% to $237.15. Over the last five days, the stock has gained 17.40%. GE Vernova Inc. shares have risen nearly 80.69% since the year began.
Levels Of Support And Resistance For GEV Stock
The 24-hour chart illustrates a support level at 233.77, which if violated will result in even more drops to 230.40. On the upside, there is a resistance level at 240.26. A further resistance level may holdings at 243.38. The Relative Strength Index (RSI) on the 14-day chart is 80.56, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 24.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.81%. Stochastics %K at 95.28% indicates the stock is a selling.
How much short interest is there in GE Vernova Inc.?
A steep rise in short interest was recorded in GE Vernova Inc. stocks on 2024-08-30, growing by 0.62 million shares to a total of 4.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.05 million shares. There was a rise of 13.22%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 29, 2024 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating .
