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

Carrier Global Corp’s recent filing unveils that its Officer Jurgen Timperman acquired Company’s shares for reported $7200.0 on Aug 28 ’24. In the deal valued at $71.29 per share,101 shares were bought.

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Then, Agrawal Ajay sold 62,382 shares, generating $4,026,758 in total proceeds. Upon selling the shares at $64.55, the Senior VP, Strategy & Services now owns 103,066 shares.

Before that, AJAY AGRAWAL bought 62,382 shares. Carrier Global Corp shares valued at $4,026,643 were divested by the Officer at a price of $64.55 per share.

A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early September from “an Underperform” to “a Peer perform”. Morgan Stanley began covering CARR with “an Equal-weight” recommendation on September 06, 2024. Oppenheimer maintained its rating on August 16, 2024. It rated CARR as “an Outperform”.

Price Performance Review of CARR

On Friday, Carrier Global Corp [NYSE:CARR] saw its stock jump 1.47% to $81.61. Over the last five days, the stock has gained 1.00%. Carrier Global Corp shares have risen nearly 42.05% since the year began. Nevertheless, the stocks have risen 45.63% over the past one year. While a 52-week high of $82.16 was reached on 10/09/24, a 52-week low of $45.68 was recorded on 02/20/24. SMA at 50 days reached $73.37, while 200 days put it at $63.25.

Levels Of Support And Resistance For CARR Stock

The 24-hour chart illustrates a support level at 80.56, which if violated will result in even more drops to 79.51. On the upside, there is a resistance level at 82.32. A further resistance level may holdings at 83.03. The Relative Strength Index (RSI) on the 14-day chart is 65.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.03%. Stochastics %K at 78.51% indicates the stock is a holding.

How much short interest is there in Carrier Global Corp?

A steep rise in short interest was recorded in Carrier Global Corp stocks on 2024-09-30, dropping by -0.51 million shares to a total of 11.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.63 million shares. There was a decline of -4.55%, which implies that there is a negative sentiment for the stock.

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