StandardAero Inc’s recently made public that its 10% Owner GIC Private Ltd unloaded Company’s shares for reported $65.96 million on Oct 03 ’24. In the deal valued at $22.74 per share,2,900,552 shares were sold. As a result of this transaction, GIC Private Ltd now holds 47,447,058 shares worth roughly $1.14 billion.
Wolfe Research initiated its StandardAero Inc [SARO] rating to an Outperform in a research note published on October 28, 2024; the price target was $34. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late October with a ‘”a Neutral”‘ rating. RBC Capital Mkts began covering SARO with “an Outperform” recommendation on October 28, 2024. Morgan Stanley started covering the stock on October 28, 2024. It rated SARO as “an Equal-weight”.
Price Performance Review of SARO
On Friday, StandardAero Inc [NYSE:SARO] saw its stock fall -2.04% to $24.04. Over the last five days, the stock has lost -5.73%. StandardAero Inc shares have fallen nearly -2.91% since the year began.
Levels Of Support And Resistance For SARO Stock
The 24-hour chart illustrates a support level at 23.81, which if violated will result in even more drops to 23.57. On the upside, there is a resistance level at 24.50. A further resistance level may holdings at 24.95. The Relative Strength Index (RSI) on the 14-day chart is 28.93, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.65%. Stochastics %K at 2.71% indicates the stock is a buying.
The most recent change occurred on October 28, 2024 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $36 price target.
