Behind the Scenes of GE Aero's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a bullish trend in options trading for GE Aero (NYSE:GE), with a significant portion of trades predicting a price range of $120.0 to $230.0. The analysis highlighted 13 unusual trades, with a majority being calls, indicating a bullish sentiment among traders. GE Aerospace, a leader in aircraft engine manufacturing, has seen its stock price increase by 1.48%, with an average target price of $176.2 from industry analysts. Citigroup, RBC Capital, Argus Research, Wells Fargo, and Deutsche Bank have all maintained positive ratings on GE, with target prices ranging from $160 to $190.
April 29, 2024 | 2:01 pm
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GE Aero sees bullish options trading with a price target range of $120-$230. Analysts maintain positive outlooks, with current stock price at $164.76 and target prices up to $190.
The bullish options trading trend and positive analyst ratings indicate a strong short-term outlook for GE. The significant call volume and high target prices from reputable financial institutions suggest confidence in GE Aero's market performance, potentially driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100