Traders bet GE could be gearing up for a massive rally [CNBC]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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ge.com/investor-relations/overview
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Source: CNBC
General Electric shares have been in free fall, but options traders are betting on a resurgence ahead. The stock has plunged to near-decade lows this year, down 47 percent over the last 12 months. However, since hitting a low in April, the shares have seen some relief, rallying 12 percent. And options traders are betting the stock could be gearing up for a bigger rally. On Thursday, shares of General Electric jumped nearly 3 percent setting off a surge in bullish trading activity, with call options doubling that of puts. Options Action trader Mike Khouw noted that a block of traders purchased the January 2019 20 calls for an average price of 15 cents per contract. Those are bets that [GE] is going to be above $20 by January expiration, Khouw said Thursday on CNBC's Fast Money . This trade implies a more than 30 percent rally for shares of GE from their current levels. Fast Money trader Steve Grasso, who's long the stock, also shared in the optimism. He believes
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News
- Cargill leans on regenerative agriculture and generative AI to feed the planet [Yahoo! Finance]Yahoo! Finance
- General Electric (NYSE: GE) had its price target raised by analysts at Argus from $170.00 to $180.00. They now have a "buy" rating on the stock.MarketBeat
- General Electric (NYSE: GE) had its price target raised by analysts at Bank of America Co. from $165.00 to $180.00. They now have a "buy" rating on the stock.MarketBeat
- Rising Demand Likely to Aid GE HealthCare's (GEHC) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- General Electric (NYSE: GE) had its price target raised by analysts at Royal Bank of Canada from $165.00 to $175.00. They now have an "outperform" rating on the stock.MarketBeat
GE
Earnings
- 4/23/24 - Beat
GE
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/15/24 - Form 3
- GE's page on the SEC website