The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. GE Aerospace shares valued at $1,267,910 were sold by Procacci Riccardo on Nov 06 ’24. At $181.13 per share, Procacci Riccardo sold 7,000 shares. The insider’s holdings dropped to 13,289 shares worth approximately $2.38 million following the completion of this transaction.
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Also, Gowder Amy L sold 6,958 shares, netting a total of over 1,132,136 in proceeds. Following the sale of shares at $162.71 each, the insider now holds 9,433 shares.
Before that, Riccardo Procacci had added 7,000 shares to its account. In a trade valued at $1,267,915, the Officer bought GE Aerospace shares for $181.13 each.
As published in a research note from Bernstein on October 14, 2024, GE Aerospace [GE] has been retained to an Outperform and the price target has been revised to $225. Analysts at Bernstein started covering the stock with ‘”an Outperform”‘ outlook in a report released in early September. As of April 09, 2024, TD Cowen has increased its “Hold” rating to a “Buy” for GE.
Analyzing GE Stock Performance
During the last five days, there has been a surge of approximately 4.12%. Over the course of the year, GE Aerospace shares have jumped approximately 75.71%. Shares of the company reached a 52-week high of $194.80 on 10/17/24 and a 52-week low of $98.92 on 01/03/24. A 50-day SMA is recorded $180.55, while a 200-day SMA reached $157.99. Nevertheless, trading volume fell to 5.07 million shares from 5.94 million shares the previous day.
Support And Resistance Levels for GE Aerospace (GE)
According to the 24-hour chart, there is a support level at 176.74, which, if violated, would cause prices to drop to 174.63. In the upper region, resistance lies at 180.99. The next price resistance is at 183.13. RSI (Relative Strength Index) is 48.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.75, which suggests the price will decrease in the coming days. Percent R is at 64.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
