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Monness Crespi & Hardt Downgrades Carters Inc (CRI) to a Neutral from a Buy

Carters Inc’s recently made public that its EVP Global Marketing Jenkins Jeff unloaded Company’s shares for reported $91160.0 on Mar 13 ’24. In the deal valued at $86.00 per share,1,060 shares were sold. As a result of this transaction, Jenkins Jeff now holds 35,173 shares worth roughly $2.17 million.

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Then, Hipp Mark sold 1,875 shares, generating $153,261 in total proceeds. Upon selling the shares at $81.74, the Director now owns 10,216 shares.

Before that, CASEY MICHAEL DENNIS sold 89,139 shares. Carters Inc shares valued at $6,685,425 were divested by the Chairman and CEO at a price of $75.00 per share. As a result of the transaction, CASEY MICHAEL DENNIS now holds 390,731 shares, worth roughly $24.07 million.

Monness Crespi & Hardt downgraded its Carters Inc [CRI] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in late January from “an Outperform” to “a Neutral”. Citigroup also remained covering CRI and has decreased its forecast on May 23, 2022 with a “Sell” recommendation from previously “Neutral” rating. BofA Securities revised its rating on April 27, 2022. It rated CRI as “an Underperform” which previously was an “a Buy”.

Price Performance Review of CRI

On Friday, Carters Inc [NYSE:CRI] saw its stock fall -0.24% to $61.59. Over the last five days, the stock has lost -0.74%. Carters Inc shares have fallen nearly -17.76% since the year began. Nevertheless, the stocks have fallen -15.44% over the past one year. While a 52-week high of $88.03 was reached on 03/13/24, a 52-week low of $60.57 was recorded on 07/01/24. SMA at 50 days reached $66.84, while 200 days put it at $72.27. A total of 0.9 million shares were traded, compared to the trading of 0.55 million shares in the previous session.

Levels Of Support And Resistance For CRI Stock

The 24-hour chart illustrates a support level at 60.92, which if violated will result in even more drops to 60.26. On the upside, there is a resistance level at 61.95. A further resistance level may holdings at 62.31. The Relative Strength Index (RSI) on the 14-day chart is 33.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.50%. Stochastics%K at 21.41% indicates the stock is a holding.

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