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Recent Insider Activity Suggests Potential Gains for Carrier Global Corp (CARR)

Carrier Global Corp’s filing revealed that its VP, Controller & CAO Crockett Kyle unloaded Company’s shares for reported $0.31 million on May 21 ’24. In the deal valued at $66.39 per share,4,611 shares were sold. As a result of this transaction, Crockett Kyle now holds 2,042 shares worth roughly $0.13 million.

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Then, O’Connor Kevin J. sold 20,000 shares, generating $1,314,624 in total proceeds. Upon selling the shares at $65.73, the Senior VP & CLO now owns 46,083 shares.

Before that, Villeneuve Nadia sold 98,428 shares. Carrier Global Corp shares valued at $6,437,664 were divested by the Senior VP & CHRO at a price of $65.40 per share. As a result of the transaction, Villeneuve Nadia now holds 85,028 shares, worth roughly $5.32 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 fall -0.27% to $62.54. Over the last five days, the stock has gained 0.89%. Carrier Global Corp shares have risen nearly 8.86% since the year began. Nevertheless, the stocks have risen 37.15% over the past one year. While a 52-week high of $66.50 was reached on 05/21/24, a 52-week low of $44.10 was recorded on 02/20/24. SMA at 50 days reached $60.76, while 200 days put it at $56.21. A total of 2.4 million shares were traded, compared to the trading of 2.17 million shares in the previous session.

Levels Of Support And Resistance For CARR Stock

The 24-hour chart illustrates a support level at 62.09, which if violated will result in even more drops to 61.64. On the upside, there is a resistance level at 63.04. A further resistance level may holdings at 63.54. The Relative Strength Index (RSI) on the 14-day chart is 48.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.60%. Stochastics %K at 29.06% indicates the stock is a holding.

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