In a filing, GE Aerospace revealed 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 $1.07 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 $24.68 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 Tuesday, GE Aerospace [NYSE:GE] saw its stock jump 0.01% to $165.80. Over the last five days, the stock has lost -3.19%. GE Aerospace shares have risen nearly 62.89% since the year began. Nevertheless, the stocks have risen 68.70% over the past one year. While a 52-week high of $194.80 was reached on 10/17/24, a 52-week low of $98.18 was recorded on 01/03/24. SMA at 50 days reached $179.59, while 200 days put it at $166.31.
Levels Of Support And Resistance For GE Stock
The 24-hour chart illustrates a support level at 164.05, which if violated will result in even more drops to 162.30. On the upside, there is a resistance level at 167.03. A further resistance level may holdings at 168.26. The Relative Strength Index (RSI) on the 14-day chart is 34.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.27%. Stochastics %K at 8.30% indicates the stock is a buying.
How much short interest is there in GE Aerospace?
A steep rise in short interest was recorded in GE Aerospace stocks on 2024-11-29, dropping by 27237.0 shares to a total of 11.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 11.27 million shares. There was a decline of -0.24%, which implies that there is a negative 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.
