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 $2,817,522 were sold by Giglietti Robert M. on Nov 21 ’24. At $179.06 per share, Giglietti Robert M. sold 15,735 shares. The insider’s holdings dropped to 6,448 shares worth approximately $1.11 million following the completion of this transaction.
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Also, Giglietti Robert M. sold 8,010 shares, netting a total of over 1,436,113 in proceeds. Following the sale of shares at $179.29 each, the insider now holds 6,448 shares.
Before that, Stokes Russell had sold 15,550 shares from its account. In a trade valued at $2,772,444, the Senior Vice President traded GE Aerospace shares for $178.29 each. Upon closing the transaction, the insider’s holdings decreased to 15,550 shares, worth approximately $25.53 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 3.43%. Over the course of the year, GE Aerospace shares have jumped approximately 68.48%. 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 $177.29, while a 200-day SMA reached $167.21. Nevertheless, trading volume fell to 2.24 million shares from 4.13 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 169.73, which, if violated, would cause prices to drop to 167.97. In the upper region, resistance lies at 172.37. The next price resistance is at 173.25. RSI (Relative Strength Index) is 48.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.36, which suggests the price will increase in the coming days. Percent R is at 43.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
