Spotlight on GE Aero: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Financial giants have shown significant interest in GE Aero (NYSE:GE) through unusual options activity. Analysis reveals a balanced sentiment with 37% bullish and 37% bearish trades. The options activity suggests a price range of $165.0 to $250.0. GE Aero's current stock price is $161.91, with a neutral RSI. Analysts have given it an average target price of $198.33, with ratings from RBC Capital, Wells Fargo, and Barclays.

August 07, 2024 | 6:49 pm
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GE Aero has seen significant options activity with a balanced sentiment. The stock is currently trading at $161.91, with analysts giving an average target price of $198.33. The options activity suggests a price range of $165.0 to $250.0.
The balanced sentiment in options activity, combined with positive analyst ratings and a target price higher than the current price, suggests a potential upward movement in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100