GE Aerospace’s recently made public 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 $1.13 million.
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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 $26.14 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 Friday, GE Aerospace [NYSE:GE] saw its stock jump 1.54% to $175.58. Over the last five days, the stock has lost -3.61%. GE Aerospace shares have risen nearly 72.49% since the year began. Nevertheless, the stocks have risen 83.75% 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 $182.19, while 200 days put it at $164.82.
Levels Of Support And Resistance For GE Stock
The 24-hour chart illustrates a support level at 173.40, which if violated will result in even more drops to 171.23. On the upside, there is a resistance level at 176.79. A further resistance level may holdings at 178.01. The Relative Strength Index (RSI) on the 14-day chart is 43.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.86%. Stochastics %K at 34.50% 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 2024-11-15, growing by 1.24 million shares to a total of 12.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 10.89 million shares. There was a rise of 10.21%, 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.
