The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Carters Inc shares valued at $91,160 were sold by Jenkins Jeff on Mar 13 ’24. At $86.00 per share, Jenkins Jeff sold 1,060 shares. The insider’s holdings dropped to 35,173 shares worth approximately $2.59 million following the completion of this transaction.
Also, Hipp Mark sold 1,875 shares, netting a total of over 153,261 in proceeds. Following the sale of shares at $81.74 each, the insider now holds 10,216 shares.
Before that, CASEY MICHAEL DENNIS had sold 89,139 shares from its account. In a trade valued at $6,685,425, the Chairman and CEO traded Carters Inc shares for $75.00 each. Upon closing the transaction, the insider’s holdings decreased to 89,139 shares, worth approximately $28.75 million.
As published in a research note from Monness Crespi & Hardt on February 26, 2024, Carters Inc [CRI] has been rated down from a Buy to a Neutral. Analysts at Wedbush downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of May 23, 2022, Citigroup has decreased its “Neutral” rating to a “Sell” for CRI. Earlier on April 27, 2022, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for CRI stock which previously was a “a Buy”.
Analyzing CRI Stock Performance
During the last five days, there has been a drop of approximately -8.21%. Over the course of the year, Carters Inc shares have dropped approximately -1.75%. Shares of the company reached a 52-week high of $88.03 on 03/13/24 and a 52-week low of $71.25 on 01/16/24. A 50-day SMA is recorded $81.22, while a 200-day SMA reached $73.46. Nevertheless, trading volume fell to 0.82 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for Carters Inc (CRI)
According to the 24-hour chart, there is a support level at 73.05, which, if violated, would cause prices to drop to 72.51. In the upper region, resistance lies at 74.50. The next price resistance is at 75.41. RSI (Relative Strength Index) is 30.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.26, which suggests the price will decrease in the coming days. Percent R is at 98.83%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Carters Inc subject to short interest?
Stocks of Carters Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by 10000.0 shares to 3.31 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.32 million shares. A decline of -0.3% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.55 of the overall float, the days-to-cover ratio (short ratio) decline to 3.55.
