Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Carters Inc shares valued at $153,261 were sold by Hipp Mark on Mar 06 ’24. At $81.74 per share, Hipp Mark sold 1,875 shares. The insider’s holdings dropped to 10,216 shares worth approximately $0.54 million following the completion of this transaction.
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Also, Jenkins Jeff sold 1,060 shares, netting a total of over 91,160 in proceeds. Following the sale of shares at $86.00 each, the insider now holds 35,173 shares.
Before that, CASEY MICHAEL DENNIS had sold 89,139 shares from its account. In a trade valued at $6,685,425, the Chairman and CEO traded Carters Inc shares for $75.00 each. Upon closing the transaction, the insider’s holdings decreased to 89,139 shares, worth approximately $20.82 million.
As published in a research note from Citigroup on November 12, 2024, Carters Inc [CRI] has been rated up from a Sell to a Neutral and the price target has been revised to $50. Analysts at Monness Crespi & Hardt downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of January 26, 2023, Wedbush has decreased its “an Outperform” rating to a “Neutral” for CRI. Earlier on May 23, 2022, Citigroup downgraded its rating. Their new recommendation was “a Sell” for CRI stock which previously was a “a Neutral”.
Analyzing CRI Stock Performance
During the last five days, there has been a surge of approximately 1.95%. Over the course of the year, Carters Inc shares have dropped approximately -28.84%. Shares of the company reached a 52-week high of $88.03 on 03/13/24 and a 52-week low of $50.27 on 11/08/24. A 50-day SMA is recorded $62.63, while a 200-day SMA reached $68.68. Nevertheless, trading volume fell to 1.23 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for Carters Inc (CRI)
According to the 24-hour chart, there is a support level at 52.60, which, if violated, would cause prices to drop to 51.90. In the upper region, resistance lies at 54.31. The next price resistance is at 55.32. RSI (Relative Strength Index) is 35.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 61.48%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
