Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. GE Aerospace shares valued at $2,772,444 were sold by Stokes Russell on Nov 18 ’24. At $178.29 per share, Stokes Russell sold 15,550 shares. The insider’s holdings dropped to 148,857 shares worth approximately $26.6 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Russell Stokes purchased 15,550 shares, netting a total of over 2,772,420 in proceeds.
Before that, Procacci Riccardo had sold 7,000 shares from its account. In a trade valued at $1,267,910, the Senior Vice President traded GE Aerospace shares for $181.13 each. Upon closing the transaction, the insider’s holdings decreased to 7,000 shares, worth approximately $2.37 million.
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 0.17%. Over the course of the year, GE Aerospace shares have jumped approximately 75.56%. 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 $183.16, while a 200-day SMA reached $161.63. Nevertheless, trading volume fell to 4.21 million shares from 3.23 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 177.05, which, if violated, would cause prices to drop to 175.39. In the upper region, resistance lies at 180.65. The next price resistance is at 182.59. RSI (Relative Strength Index) is 47.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.15, which suggests the price will decrease in the coming days. Percent R is at 54.74%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
