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 $37,672 were sold by GHAI RAHUL on May 09 ’24. At $167.43 per share, GHAI RAHUL sold 225 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, GHAI RAHUL sold 37 shares, netting a total of over 6,045 in proceeds. Following the sale of shares at $163.38 each, the insider now holds 43,970 shares.
Before that, Giglietti Robert M. had sold 15,735 shares from its account. In a trade valued at $2,817,522, the Vice President traded GE Aerospace shares for $179.06 each. Upon closing the transaction, the insider’s holdings decreased to 15,735 shares, worth approximately $1.21 million.
As published in their initiating research note from Northcoast on January 07, 2025, GE Aerospace [GE] has been a Neutral. Analysts at Bernstein resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid October. As of September 10, 2024, Bernstein has initiated its “an Outperform” rating for GE. Earlier on April 09, 2024, TD Cowen upgraded its rating. Their new recommendation was “a Buy” for GE stock which previously was a “a Hold”.
Analyzing GE Stock Performance
During the last five days, there has been a surge of approximately 6.50%. Over the course of the year, GE Aerospace shares have jumped approximately 12.93%. Shares of the company reached a 52-week high of $189.32 on 01/21/25 and a 52-week low of $167.22 on 01/02/25. A 50-day SMA is recorded $175.28, while a 200-day SMA reached $170.25. Nevertheless, trading volume fell to 7.42 million shares from 7.51 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 186.90, which, if violated, would cause prices to drop to 185.44. In the upper region, resistance lies at 189.53. The next price resistance is at 190.70. RSI (Relative Strength Index) is 72.41 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.25, which suggests the price will increase in the coming days. Percent R is at 4.14%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
