Following these proceedings, Deutsche Bank initiated its GE Vernova Inc. [GEV] rating to a Buy in a research note published on October 21, 2024; the price target was $354. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Hold”. Raymond James also remained covering GEV and has decreased its forecast on October 02, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Truist started covering the stock on September 26, 2024. It rated GEV as “a Buy”.
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Price Performance Review of GEV
On Tuesday, GE Vernova Inc. [NYSE:GEV] saw its stock jump 3.30% to $298.77. Over the last five days, the stock has gained 8.09%. GE Vernova Inc. shares have risen nearly 127.63% since the year began.
Levels Of Support And Resistance For GEV Stock
The 24-hour chart illustrates a support level at 288.93, which if violated will result in even more drops to 279.08. On the upside, there is a resistance level at 303.79. A further resistance level may holdings at 308.80. The Relative Strength Index (RSI) on the 14-day chart is 76.56, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.49%. Stochastics %K at 87.07% 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 2024-10-15, dropping by -0.35 million shares to a total of 4.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.22 million shares. There was a decline of -7.08%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 26, 2024 when Oppenheimer began covering the stock and recommended ‘”a Perform”‘ rating .
