Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Carrier Global Corp shares valued at $7,200 were purchased by Jurgen Timperman on Aug 28 ’24. At $71.29 per share, Jurgen Timperman acquired 101 shares.
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Also, Agrawal Ajay sold 62,382 shares, netting a total of over 4,026,758 in proceeds. Following the sale of shares at $64.55 each, the insider now holds 103,066 shares.
Before that, AJAY AGRAWAL had added 62,382 shares to its account. In a trade valued at $4,026,643, the Officer bought Carrier Global Corp shares for $64.55 each.
As published in a research note from Stephens on October 16, 2024, Carrier Global Corp [CARR] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $85 from $75. As of September 06, 2024, Wolfe Research has increased its “an Underperform” rating to a “Peer perform” for CARR. Earlier on September 06, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for CARR stock.
Analyzing CARR Stock Performance
During the last five days, there has been a drop of approximately -1.36%. Over the course of the year, Carrier Global Corp shares have jumped approximately 39.16%. Shares of the company reached a 52-week high of $83.32 on 10/15/24 and a 52-week low of $53.13 on 02/20/24. A 50-day SMA is recorded $76.10, while a 200-day SMA reached $64.24. Nevertheless, trading volume fell to 4.21 million shares from 2.36 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 79.43, which, if violated, would cause prices to drop to 78.91. In the upper region, resistance lies at 80.77. The next price resistance is at 81.59. RSI (Relative Strength Index) is 52.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 92.84%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
