As this happened, HSBC Securities downgraded its GE Vernova Inc. [GEV] rating to a Hold from a a Buy in a research note published on October 04, 2024; the price target was increased to $255 from $240. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early October from “an Outperform” to “a Mkt perform”. Truist began covering GEV with “Buy” recommendation on September 26, 2024. Oppenheimer started covering the stock on September 26, 2024. It rated GEV as “a Perform”.
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
Price Performance Review of GEV
On Tuesday, GE Vernova Inc. [NYSE:GEV] saw its stock fall -1.17% to $266.36. Over the last five days, the stock has gained 0.79%. GE Vernova Inc. shares have risen nearly 102.94% since the year began.
Levels Of Support And Resistance For GEV Stock
The 24-hour chart illustrates a support level at 260.65, which if violated will result in even more drops to 254.94. On the upside, there is a resistance level at 271.47. A further resistance level may holdings at 276.58. The Relative Strength Index (RSI) on the 14-day chart is 71.59, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.95%. Stochastics %K at 87.16% 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 2024-09-30, growing by 0.11 million shares to a total of 4.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.67 million shares. There was a rise of 2.27%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 24, 2024 when Guggenheim began covering the stock and recommended ‘”a Buy”‘ rating along with a $300 price target.
