Following these proceedings, Daiwa Securities downgraded its GE Vernova Inc [GEV] rating to an Outperform from a a Buy in a research note published on December 11, 2024; the price target was increased to $348 from $336. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Wolfe Research began covering GEV with “an Outperform” recommendation on December 04, 2024. RBC Capital Mkts maintained its rating on November 25, 2024. It rated GEV as “an Outperform”.
Price Performance Review of GEV
On Tuesday, GE Vernova Inc [NYSE:GEV] saw its stock fall -0.75% to $368.52. Over the last five days, the stock has gained 11.58%. GE Vernova Inc shares have risen nearly 12.04% since the year began.
Levels Of Support And Resistance For GEV Stock
The 24-hour chart illustrates a support level at 358.96, which if violated will result in even more drops to 349.39. On the upside, there is a resistance level at 376.35. A further resistance level may holdings at 384.18. The Relative Strength Index (RSI) on the 14-day chart is 64.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 23.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.52%. Stochastics %K at 92.38% indicates the stock is a selling.
How much short interest is there in GE Vernova Inc?
A steep rise in short interest was recorded in GE Vernova Inc stocks on 2024-12-13, growing by 0.89 million shares to a total of 6.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.19 million shares. There was a rise of 14.62%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 21, 2024 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $385 price target.
