In a filing, GE Aerospace revealed its Senior Vice President GHAI RAHUL unloaded Company’s shares for reported $37672.0 on May 09 ’24. In the deal valued at $167.43 per share,225 shares were sold. As a result of this transaction, GHAI RAHUL now holds 0 shares worth roughly $0.0.
Then, GHAI RAHUL sold 37 shares, generating $6,045 in total proceeds. Upon selling the shares at $163.38, the Senior Vice President now owns 43,970 shares.
Before that, Giglietti Robert M. sold 15,735 shares. GE Aerospace shares valued at $2,817,522 were divested by the Vice President at a price of $179.06 per share. As a result of the transaction, Giglietti Robert M. now holds 6,448 shares, worth roughly $1.11 million.
Northcoast initiated its GE Aerospace [GE] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Bernstein’s analysts, who remained covering the stock and in mid October has reiterated a ‘”an Outperform”‘ rating for it. Bernstein began covering GE with “an Outperform” recommendation on September 10, 2024. TD Cowen revised its rating on April 09, 2024. It rated GE as “a Buy” which previously was an “a Hold”.
Price Performance Review of GE
On Friday, GE Aerospace [NYSE:GE] saw its stock fall -0.69% to $171.69. Over the last five days, the stock has gained 1.84%. GE Aerospace shares have risen nearly 2.94% since the year began. Nevertheless, the stocks have risen 67.17% over the past one year. While a 52-week high of $194.80 was reached on 01/07/25, a 52-week low of $100.64 was recorded on 01/02/25. SMA at 50 days reached $174.34, while 200 days put it at $168.88.
Levels Of Support And Resistance For GE Stock
The 24-hour chart illustrates a support level at 170.47, which if violated will result in even more drops to 169.24. On the upside, there is a resistance level at 173.19. A further resistance level may holdings at 174.68. The Relative Strength Index (RSI) on the 14-day chart is 50.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.45%. Stochastics %K at 90.35% indicates the stock is a selling.
How much short interest is there in GE Aerospace?
A steep rise in short interest was recorded in GE Aerospace stocks on 2024-12-13, dropping by -0.27 million shares to a total of 11.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 12.13 million shares. There was a decline of -2.31%, which implies that there is a negative sentiment for the stock.
