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Taking a Closer Look At Carrier Global Corp (CARR) Following Its Recent Trade

In a filing, Carrier Global Corp revealed its Chairman and CEO Gitlin David L. unloaded Company’s shares for reported $19.2 million on Feb 08 ’24. In the deal valued at $54.16 per share,354,539 shares were sold. As a result of this transaction, Gitlin David L. now holds 422,808 shares worth roughly $26.51 million.

Then, O’Connor Kevin J. sold 26,551 shares, generating $1,427,676 in total proceeds. Upon selling the shares at $53.77, the Senior VP & CLO now owns 66,083 shares.

Before that, Crockett Kyle sold 12,170 shares. Carrier Global Corp shares valued at $656,692 were divested by the Vice President, Controller at a price of $53.96 per share. As a result of the transaction, Crockett Kyle now holds 2,042 shares, worth roughly $0.13 million.

Wolfe Research downgraded its Carrier Global Corp [CARR] rating to an Underperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early October from “a Neutral” to “an Underweight”. BofA Securities also remained covering CARR and has decreased its forecast on October 05, 2023 with a “an Underperform” recommendation from previously “Neutral” rating. Mizuho revised its rating on September 14, 2023. It rated CARR as “a Neutral” which previously was an “a Buy”.

Price Performance Review of CARR

On Monday, Carrier Global Corp [NYSE:CARR] saw its stock jump 3.65% to $62.71. Over the last five days, the stock has gained 16.95%. Carrier Global Corp shares have risen nearly 9.16% since the year began. Nevertheless, the stocks have risen 51.25% over the past one year. While a 52-week high of $60.87 was reached on 04/29/24, a 52-week low of $40.28 was recorded on 02/20/24. SMA at 50 days reached $56.63, while 200 days put it at $55.04. A total of 9.09 million shares were traded, compared to the trading of 5.19 million shares in the previous session.

Levels Of Support And Resistance For CARR Stock

The 24-hour chart illustrates a support level at 61.18, which if violated will result in even more drops to 59.65. On the upside, there is a resistance level at 63.56. A further resistance level may holdings at 64.42. The Relative Strength Index (RSI) on the 14-day chart is 71.21, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.83%. Stochastics %K at 97.88% indicates the stock is a selling.

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