Analysts May Be Right About GE Aerospace Stock
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GE Aerospace stock is up 1.7% and may continue to rise due to a contrarian sentiment signal in its options pits. The stock has averaged a 7.3% return 21 days later with a 60% success rate when its 10-day buy-to-open put/call ratio hits the 90th percentile.
GE Aerospace stock is trading at $317.11, a 1.7% increase. The stock has a 70.6% year-over-year lead and a small year-to-date gain. A contrarian sentiment signal in the options pits could bring more gains. The 10-day buy-to-open put/call ratio has hit the 90th percentile, which has led to a 7.3% return 21 days later with a 60% success rate in the past. This suggests the stock may be back above $340 within a month.
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