Carrier Global Corp’s recent filing unveils that its President, Fire & Security Timperman Jurgen unloaded Company’s shares for reported $9.91 million on Apr 29 ’24. In the deal valued at $61.95 per share,159,915 shares were sold. As a result of this transaction, Timperman Jurgen now holds 0 shares worth roughly $0.0.
Then, Timperman Jurgen sold 38,858 shares, generating $2,395,087 in total proceeds. Upon selling the shares at $61.64, the President, Fire & Security now owns 0 shares.
Before that, Gitlin David L. sold 354,539 shares. Carrier Global Corp shares valued at $19,203,073 were divested by the Chairman and CEO at a price of $54.16 per share. As a result of the transaction, Gitlin David L. now holds 422,808 shares, worth roughly $27.09 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 3.17% to $64.06. Over the last five days, the stock has gained 2.15%. Carrier Global Corp shares have risen nearly 11.51% since the year began. Nevertheless, the stocks have risen 55.86% over the past one year. While a 52-week high of $63.79 was reached on 05/06/24, a 52-week low of $40.28 was recorded on 02/20/24. SMA at 50 days reached $57.44, while 200 days put it at $55.22. A total of 4.58 million shares were traded, compared to the trading of 3.61 million shares in the previous session.
Levels Of Support And Resistance For CARR Stock
The 24-hour chart illustrates a support level at 63.14, which if violated will result in even more drops to 62.21. On the upside, there is a resistance level at 64.63. A further resistance level may holdings at 65.19. The Relative Strength Index (RSI) on the 14-day chart is 70.58, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.92%. Stochastics %K at 84.86% indicates the stock is a selling.
