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Examining the Potential Price Growth of Carrols Restaurant Group Inc. (TAST)

In a filing, Carrols Restaurant Group Inc. revealed its VP, CFO, andTreasurer Hull Anthony E unloaded Company’s shares for reported $0.24 million on Jan 16 ’24. In the deal valued at $9.43 per share,25,000 shares were sold. As a result of this transaction, Hull Anthony E now holds 572,496 shares worth roughly $5.45 million.

Then, Hull Anthony E sold 9,413 shares, generating $75,397 in total proceeds. Upon selling the shares at $8.01, the VP, CFO, andTreasurer now owns 613,389 shares.

Before that, Hull Anthony E sold 13,115 shares. Carrols Restaurant Group Inc. shares valued at $104,970 were divested by the VP, CFO, andTreasurer at a price of $8.00 per share. As a result of the transaction, Hull Anthony E now holds 622,802 shares, worth roughly $5.93 million.

Craig Hallum upgraded its Carrols Restaurant Group Inc. [TAST] rating to a Buy from a a Hold in a research note published on March 07, 2023; the price target was increased to $4 from $2.50. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in late September with a ‘”an Overweight”‘ rating. Stephens also remained covering TAST and has decreased its forecast on January 05, 2022 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Craig Hallum revised its rating on October 27, 2021. It rated TAST as “a Hold” which previously was an “a Buy”.

Price Performance Review of TAST

On Tuesday, Carrols Restaurant Group Inc. [NASDAQ:TAST] saw its stock jump 0.11% to $9.52. Over the last five days, the stock has gained 0.11%. Carrols Restaurant Group Inc. shares have risen nearly 20.81% since the year began. Nevertheless, the stocks have risen 147.27% over the past one year. While a 52-week high of $9.54 was reached on 01/16/24, a 52-week low of $3.67 was recorded on 01/03/24. SMA at 50 days reached $9.49, while 200 days put it at $7.72. A total of 0.67 million shares were traded, compared to the trading of 0.21 million shares in the previous session.

Levels Of Support And Resistance For TAST Stock

The 24-hour chart illustrates a support level at 9.51, which if violated will result in even more drops to 9.50. On the upside, there is a resistance level at 9.53. A further resistance level may holdings at 9.54. The Relative Strength Index (RSI) on the 14-day chart is 65.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.67%. Stochastics %K at 72.22% indicates the stock is a holding.

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