Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. GE HealthCare Technologies Inc shares valued at $1,581,846 were sold by Stacherski Kenneth R. on Aug 14 ’24. At $83.22 per share, Stacherski Kenneth R. sold 19,008 shares. The insider’s holdings dropped to 38,541 shares worth approximately $3.48 million following the completion of this transaction.
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Also, Kenneth Stacherski purchased 19,008 shares, netting a total of over 1,572,774 in proceeds.
Before that, Jan Makela had added 33,096 shares to its account. In a trade valued at $2,753,587, the Officer bought GE HealthCare Technologies Inc shares for $83.20 each.
As published in a research note from UBS on September 26, 2024, GE HealthCare Technologies Inc [GEHC] has been rated down from a Neutral to a Sell and the price target has been revised to $74 from $84. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid September. As of September 09, 2024, JP Morgan has initiated its “Neutral” rating for GEHC. Earlier on August 06, 2024, Stifel initiated its rating. Their recommendation was “a Buy” for GEHC stock.
Analyzing GEHC Stock Performance
During the last five days, there has been a drop of approximately -0.61%. Over the course of the year, GE HealthCare Technologies Inc shares have jumped approximately 16.68%. Shares of the company reached a 52-week high of $94.55 on 09/27/24 and a 52-week low of $71.31 on 01/24/24. A 50-day SMA is recorded $87.47, while a 200-day SMA reached $83.38. Nevertheless, trading volume fell to 1.82 million shares from 2.47 million shares the previous day.
Support And Resistance Levels for GE HealthCare Technologies Inc (GEHC)
According to the 24-hour chart, there is a support level at 89.75, which, if violated, would cause prices to drop to 89.28. In the upper region, resistance lies at 90.91. The next price resistance is at 91.59. RSI (Relative Strength Index) is 52.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 86.08%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
