Carters Inc’s recent filing unveils that its Director Hipp Mark unloaded Company’s shares for reported $0.15 million on Mar 06 ’24. In the deal valued at $81.74 per share,1,875 shares were sold. As a result of this transaction, Hipp Mark now holds 10,216 shares worth roughly $0.57 million.
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Then, Jenkins Jeff sold 1,060 shares, generating $91,160 in total proceeds. Upon selling the shares at $86.00, the EVP Global Marketing now owns 35,173 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 $21.81 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 Tuesday, Carters Inc [NYSE:CRI] saw its stock fall -1.03% to $55.81. Over the last five days, the stock has lost -15.89%. Carters Inc shares have fallen nearly -25.48% since the year began. Nevertheless, the stocks have fallen -13.24% over the past one year. While a 52-week high of $88.03 was reached on 03/13/24, a 52-week low of $54.74 was recorded on 07/26/24. SMA at 50 days reached $65.82, while 200 days put it at $69.96.
Levels Of Support And Resistance For CRI Stock
The 24-hour chart illustrates a support level at 54.99, which if violated will result in even more drops to 54.17. On the upside, there is a resistance level at 57.07. A further resistance level may holdings at 58.32. The Relative Strength Index (RSI) on the 14-day chart is 27.46, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.13%. Stochastics %K at 1.50% indicates the stock is a buying.
How much short interest is there in Carters Inc?
A steep rise in short interest was recorded in Carters Inc stocks on 2024-10-15, dropping by -0.36 million shares to a total of 5.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.42 million shares. There was a decline of -7.08%, which implies that there is a negative sentiment for the stock.
