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 $1.27 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 jump 0.79% to $26.85. Over the last five days, the stock has lost -4.89%. StandardAero Inc shares have risen nearly 8.44% since the year began.
Levels Of Support And Resistance For SARO Stock
The 24-hour chart illustrates a support level at 26.01, which if violated will result in even more drops to 25.17. On the upside, there is a resistance level at 27.34. A further resistance level may holdings at 27.83. The Relative Strength Index (RSI) on the 14-day chart is 49.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.01%. Stochastics %K at 45.76% indicates the stock is a holding.
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.
