GE Aerospace’s recent filing unveils that its Senior Vice President Procacci Riccardo unloaded Company’s shares for reported $1.27 million on Nov 06 ’24. In the deal valued at $181.13 per share,7,000 shares were sold. As a result of this transaction, Procacci Riccardo now holds 13,289 shares worth roughly $2.45 million.
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Then, Gowder Amy L sold 6,958 shares, generating $1,132,136 in total proceeds. Upon selling the shares at $162.71, the Senior Vice President now owns 9,433 shares.
Before that, Riccardo Procacci bought 7,000 shares. GE Aerospace shares valued at $1,267,915 were divested by the Officer at a price of $181.13 per share.
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 fall -0.14% to $184.56. Over the last five days, the stock has gained 7.45%. GE Aerospace shares have risen nearly 81.32% since the year began. Nevertheless, the stocks have risen 104.63% over the past one year. While a 52-week high of $194.80 was reached on 10/17/24, a 52-week low of $90.07 was recorded on 01/03/24. SMA at 50 days reached $180.97, while 200 days put it at $158.80.
Levels Of Support And Resistance For GE Stock
The 24-hour chart illustrates a support level at 183.02, which if violated will result in even more drops to 181.47. On the upside, there is a resistance level at 186.79. A further resistance level may holdings at 189.01. The Relative Strength Index (RSI) on the 14-day chart is 55.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.08%. Stochastics %K at 69.33% indicates the stock is a holding.
How much short interest is there in GE Aerospace?
A steep rise in short interest was recorded in GE Aerospace stocks on 2024-10-15, dropping by -2.35 million shares to a total of 10.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 13.24 million shares. There was a decline of -21.54%, 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.
