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 $1.28 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 Tuesday, StandardAero Inc [NYSE:SARO] saw its stock fall -0.18% to $27.05. Over the last five days, the stock has gained 3.92%. StandardAero Inc shares have risen nearly 9.25% since the year began.
Levels Of Support And Resistance For SARO Stock
The 24-hour chart illustrates a support level at 26.82, which if violated will result in even more drops to 26.59. On the upside, there is a resistance level at 27.34. A further resistance level may holdings at 27.63. The Relative Strength Index (RSI) on the 14-day chart is 61.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.64%. Stochastics %K at 91.23% indicates the stock is a selling.
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.
