GE Aerospace’s filing revealed that its Affiliate General Electric Pension Trust acquired Company’s shares for reported $70.92 million on Aug 14 ’24. In the deal valued at $166.87 per share,425,000 shares were bought.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Stokes Russell sold 45,309 shares, generating $7,377,211 in total proceeds. Upon selling the shares at $162.82, the Senior Vice President now owns 112,958 shares.
Before that, Giglietti Robert M. sold 5,127 shares. GE Aerospace shares valued at $821,294 were divested by the Vice President at a price of $160.19 per share. As a result of the transaction, Giglietti Robert M. now holds 6,448 shares, worth roughly $1.2 million.
Bernstein initiated its GE Aerospace [GE] rating to an Outperform in a research note published on September 10, 2024; the price target was $201. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early April from “a Hold” to “a Buy”. Vertical Research started covering the stock on April 04, 2024. It rated GE as “a Buy”.
Price Performance Review of GE
On Monday, GE Aerospace [NYSE:GE] saw its stock fall -0.60% to $185.96. Over the last five days, the stock has lost -1.39%. GE Aerospace shares have risen nearly 82.69% since the year began. Nevertheless, the stocks have risen 114.47% over the past one year. While a 52-week high of $190.88 was reached on 09/25/24, a 52-week low of $84.16 was recorded on 01/03/24. SMA at 50 days reached $173.75, while 200 days put it at $148.74.
Levels Of Support And Resistance For GE Stock
The 24-hour chart illustrates a support level at 184.76, which if violated will result in even more drops to 183.57. On the upside, there is a resistance level at 187.19. A further resistance level may holdings at 188.43. The Relative Strength Index (RSI) on the 14-day chart is 59.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.08%. Stochastics %K at 57.71% indicates the stock is a holding.
How much short interest is there in GE Aerospace?
A steep rise in short interest was recorded in GE Aerospace stocks on 2024-09-13, growing by 2.7 million shares to a total of 13.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.54 million shares. There was a rise of 20.38%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 27, 2024 when Wells Fargo resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $200.
