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GE HealthCare Technologies Inc (GEHC) receives a Sell rating from UBS

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 $3.55 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.

UBS downgraded its GE HealthCare Technologies Inc [GEHC] rating to a Sell from a a Neutral in a research note published on September 26, 2024; the price target was decreased to $74 from $84. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in mid September from “a Neutral” to “a Buy”. JP Morgan began covering GEHC with “Neutral” recommendation on September 09, 2024. Stifel started covering the stock on August 06, 2024. It rated GEHC as “a Buy”.

Price Performance Review of GEHC

On Friday, GE HealthCare Technologies Inc [NASDAQ:GEHC] saw its stock fall -0.54% to $91.99. Over the last five days, the stock has gained 1.89%. GE HealthCare Technologies Inc shares have risen nearly 18.97% since the year began. Nevertheless, the stocks have risen 34.72% over the past one year. While a 52-week high of $94.50 was reached on 09/27/24, a 52-week low of $62.35 was recorded on 01/24/24. SMA at 50 days reached $85.05, while 200 days put it at $82.41.

Levels Of Support And Resistance For GEHC Stock

The 24-hour chart illustrates a support level at 91.07, which if violated will result in even more drops to 90.15. On the upside, there is a resistance level at 93.73. A further resistance level may holdings at 95.47. The Relative Strength Index (RSI) on the 14-day chart is 69.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.44%. Stochastics %K at 87.52% indicates the stock is a selling.

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 2024-09-13, dropping by -0.41 million shares to a total of 10.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.5 million shares. There was a decline of -4.03%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on May 30, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $87 price target.

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