GE Aerospace’s filing revealed that its Officer Russell Stokes acquired Company’s shares for reported $2.77 million on Nov 18 ’24. In the deal valued at $178.29 per share,15,550 shares were bought.
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Then, Procacci Riccardo sold 7,000 shares, generating $1,267,910 in total proceeds. Upon selling the shares at $181.13, the Senior Vice President now owns 13,289 shares.
Before that, Gowder Amy L sold 6,958 shares. GE Aerospace shares valued at $1,132,136 were divested by the Senior Vice President at a price of $162.71 per share. As a result of the transaction, Gowder Amy L now holds 9,433 shares, worth roughly $1.67 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 0.33% to $177.52. Over the last five days, the stock has lost -3.81%. GE Aerospace shares have risen nearly 74.40% since the year began. Nevertheless, the stocks have risen 87.14% over the past one year. While a 52-week high of $194.80 was reached on 10/17/24, a 52-week low of $92.76 was recorded on 01/03/24. SMA at 50 days reached $182.53, while 200 days put it at $160.61.
Levels Of Support And Resistance For GE Stock
The 24-hour chart illustrates a support level at 175.58, which if violated will result in even more drops to 173.63. On the upside, there is a resistance level at 179.02. A further resistance level may holdings at 180.51. The Relative Strength Index (RSI) on the 14-day chart is 45.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.39%. Stochastics %K at 42.18% 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 2024-10-31, growing by 1.07 million shares to a total of 11.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.2 million shares. There was a rise of 9.5%, which implies that there is a positive 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.
