Smart Money Is Betting Big In GE Aero Options
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a significant bearish trend in options trading for GE Aero (NYSE:GE), with a mix of bullish and bearish sentiments among traders. Despite the bearish options activity, professional analysts have set an average price target of $174.0 for GE, with individual targets ranging from $160 to $190. The company, a leader in aerospace engineering and services, has seen its stock price decrease by -1.53%, currently at $152.12. The next earnings report is expected in 13 days, potentially influencing the stock's future performance.
April 10, 2024 | 6:30 pm
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GE Aero has seen a mix of bearish and bullish options trading, with analysts maintaining a positive outlook, setting an average price target of $174. Despite recent stock price decline, upcoming earnings could influence its performance.
The bearish options activity contrasts with the bullish stance of analysts, suggesting a potential short-term volatility but a positive outlook in the medium term. The upcoming earnings report is critical and could justify the analysts' higher price targets or adjust the market's expectations.
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