This Is What Whales Are Betting On GE Aero
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment on GE Aero (NYSE:GE) through unusual options trading activity, with a mix of bullish and bearish trades but a higher value in calls. The price target window is between $125.0 and $210.0. GE Aerospace, a leader in aircraft engines, has seen its stock price increase by 1.1% to $169.82, with market experts issuing a consensus target price of $182.4. Analyst ratings vary, with Goldman Sachs and Wells Fargo providing the highest target prices at $190 and $192, respectively.
May 07, 2024 | 5:45 pm
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NEUTRAL IMPACT
GE Aero sees mixed options trading sentiment with a bearish lean, despite a recent stock price increase and positive analyst ratings. The price target consensus among experts is $182.4.
The bearish options trading sentiment contrasts with the stock's recent performance and positive analyst outlook, indicating uncertainty. However, the stock's increase and expert price targets suggest underlying strength, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90