GE Aerospace’s recent filing unveils that its Vice President Giglietti Robert M. unloaded Company’s shares for reported $2.82 million on Nov 21 ’24. In the deal valued at $179.06 per share,15,735 shares were sold. As a result of this transaction, Giglietti Robert M. now holds 6,448 shares worth roughly $1.16 million.
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
Then, Giglietti Robert M. sold 8,010 shares, generating $1,436,113 in total proceeds. Upon selling the shares at $179.29, the Vice President now owns 6,448 shares.
Before that, Stokes Russell sold 15,550 shares. GE Aerospace shares valued at $2,772,444 were divested by the Senior Vice President at a price of $178.29 per share. As a result of the transaction, Stokes Russell now holds 148,857 shares, worth roughly $26.83 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 fall -0.52% to $180.21. Over the last five days, the stock has gained 1.52%. GE Aerospace shares have risen nearly 77.04% since the year began. Nevertheless, the stocks have risen 88.35% over the past one year. While a 52-week high of $194.80 was reached on 10/17/24, a 52-week low of $94.24 was recorded on 01/03/24. SMA at 50 days reached $183.19, while 200 days put it at $162.32.
Levels Of Support And Resistance For GE Stock
The 24-hour chart illustrates a support level at 178.61, which if violated will result in even more drops to 177.00. On the upside, there is a resistance level at 182.76. A further resistance level may holdings at 185.30. The Relative Strength Index (RSI) on the 14-day chart is 50.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.83%. Stochastics %K at 48.72% 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.
