GE Aerospace’s recent filing unveils 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.
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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 $1.25 million.
Bernstein reiterated its GE Aerospace [GE] rating to an Outperform in a research note published on October 14, 2024; the price target was $225. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in early September with a ‘”an Outperform”‘ rating. TD Cowen also remained covering GE and has increased its forecast on April 09, 2024 with a “Buy” recommendation from previously “Hold” rating.
Price Performance Review of GE
On Monday, GE Aerospace [NYSE:GE] saw its stock jump 0.84% to $194.23. Over the last five days, the stock has gained 0.83%. GE Aerospace shares have risen nearly 90.82% since the year began. Nevertheless, the stocks have risen 127.71% over the past one year. While a 52-week high of $194.80 was reached on 10/17/24, a 52-week low of $84.16 was recorded on 01/03/24. SMA at 50 days reached $178.91, while 200 days put it at $153.25.
Levels Of Support And Resistance For GE Stock
The 24-hour chart illustrates a support level at 192.70, which if violated will result in even more drops to 191.18. On the upside, there is a resistance level at 195.07. A further resistance level may holdings at 195.92. The Relative Strength Index (RSI) on the 14-day chart is 66.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.14%. Stochastics %K at 85.51% indicates the stock is a selling.
How much short interest is there in GE Aerospace?
A steep rise in short interest was recorded in GE Aerospace stocks on 2024-09-30, dropping by -3.27 million shares to a total of 10.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.47 million shares. There was a decline of -32.11%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 04, 2024 when Vertical Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $160 price target.
