GE Aerospace Trading Volume Surges 52.74% to $1.039 Billion, Ranks 60th in Market

Generado por agente de IAAinvest Market Brief
viernes, 28 de marzo de 2025, 8:00 pm ET1 min de lectura
GE--

On March 28, 2025, GE's trading volume reached $1.039 billion, marking a 52.74% increase from the previous day, placing it 60th in the day's stock market rankings. GE AerospaceGE-- (GE) shares fell by 2.91%, marking the third consecutive day of decline, with a total decrease of 5.77% over the past three days.

GE Aerospace has closed on a buy point as aerospace and defense stocks rally. Despite this positive market sentiment, shares of GEGE-- Aerospace traded nearly 3% lower in the final hour of trading. This decline occurred despite a Wall Street analyst lifting his price target on the stock, indicating that other factors may be influencing investor sentiment.

GE Aerospace recently reported its Q4 results, with revenues and earnings well ahead of street estimates. The company reported revenue of $9.9 billion, reflecting strong performance in the aerospace sector. This positive financial performance has contributed to the stock's recent gains, with the stock up 9% since reporting.

Bernstein SocGen Group updated its outlook on GE Aerospace, increasing the price target to $250.00 from the previous $232.00. This revision reflects the firm's confidence in the company's future prospects and its ability to continue delivering strong financial results.

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