Check Out What Whales Are Doing With General Electric
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on General Electric (NYSE:GE), with 78% of the spotted trades being bearish. The whales have been targeting a price range from $109.0 to $115.0 for GE over the last 3 months. The current price of GE is $111.97, up 0.15%. RBC Capital and Barclays maintain their Outperform and Overweight ratings on GE, with price targets of $131 and $133 respectively.
November 08, 2023 | 5:30 pm
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NEGATIVE IMPACT
Bearish stance by a significant investor on General Electric. Target price range is $109-$115. Current price is $111.97. Positive ratings from RBC Capital and Barclays with higher price targets.
The bearish stance by a significant investor, along with the targeted price range lower than the current price, indicates potential downward pressure on GE's stock price. However, positive ratings from RBC Capital and Barclays with higher price targets suggest a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100