Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Carrier Global Corp shares valued at $4,026,758 were sold by Agrawal Ajay on Aug 08 ’24. At $64.55 per share, Agrawal Ajay sold 62,382 shares. The insider’s holdings dropped to 103,066 shares worth approximately $6.77 million following the completion of this transaction.
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Also, AJAY AGRAWAL purchased 62,382 shares, netting a total of over 4,026,643 in proceeds.
Before that, Jurgen Timperman had added 115,951 shares to its account. In a trade valued at $7,801,183, the Officer bought Carrier Global Corp shares for $67.28 each.
As published in a research note from BofA Securities on July 29, 2024, Carrier Global Corp [CARR] has been rated up from an Underperform to a Neutral and the price target has been revised to $72 from $55. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid July. As of June 24, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for CARR. Earlier on October 12, 2023, Wolfe Research downgraded its rating. Their new recommendation was “an Underperform” for CARR stock which previously was a “a Peer perform”.
Analyzing CARR Stock Performance
During the last five days, there has been a surge of approximately 4.07%. Over the course of the year, Carrier Global Corp shares have jumped approximately 14.33%. Shares of the company reached a 52-week high of $70.09 on 07/16/24 and a 52-week low of $53.13 on 02/20/24. A 50-day SMA is recorded $64.71, while a 200-day SMA reached $58.67. Nevertheless, trading volume fell to 3.48 million shares from 2.18 million shares the previous day.
Support And Resistance Levels for Carrier Global Corp (CARR)
According to the 24-hour chart, there is a support level at 65.19, which, if violated, would cause prices to drop to 64.71. In the upper region, resistance lies at 66.12. The next price resistance is at 66.57. RSI (Relative Strength Index) is 51.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 46.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
