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 HealthCare Technologies Inc shares valued at $309,339 were sold by Rott Roland on Nov 06 ’24. At $86.48 per share, Rott Roland sold 3,577 shares. The insider’s holdings dropped to 24,298 shares worth approximately $2.05 million following the completion of this transaction.
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Also, Roland Rott purchased 3,577 shares, netting a total of over 309,330 in proceeds.
Before that, Philip Rackliffe had added 900 shares to its account. In a trade valued at $78,870, the Officer bought GE HealthCare Technologies Inc shares for $87.63 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 -3.00%. Over the course of the year, GE HealthCare Technologies Inc shares have jumped approximately 8.87%. 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 $88.85, while a 200-day SMA reached $84.64. Nevertheless, trading volume fell to 3.01 million shares from 3.92 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 83.15, which, if violated, would cause prices to drop to 82.13. In the upper region, resistance lies at 85.31. The next price resistance is at 86.43. RSI (Relative Strength Index) is 35.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.73, which suggests the price will decrease in the coming days. Percent R is at 86.60%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
