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Understanding the Risks of Investing in Carrier Global Corp (CARR)

Carrier Global Corp’s filing revealed that its VP, Controller & CAO Crockett Kyle unloaded Company’s shares for reported $0.89 million on Nov 07 ’24. In the deal valued at $76.34 per share,11,647 shares were sold. As a result of this transaction, Crockett Kyle now holds 2,042 shares worth roughly $0.16 million.

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Then, O’Connor Kevin J. sold 167,183 shares, generating $12,281,698 in total proceeds. Upon selling the shares at $73.46, the Senior VP & CLO now owns 46,083 shares.

Before that, Kyle Crockett bought 11,647 shares. Carrier Global Corp shares valued at $889,000 were divested by the Officer at a price of $76.33 per share.

Northcoast initiated its Carrier Global Corp [CARR] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “a Buy”. Stephens also remained covering CARR and has decreased its forecast on October 16, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating.

Price Performance Review of CARR

On Friday, Carrier Global Corp [NYSE:CARR] saw its stock jump 0.61% to $77.37. Over the last five days, the stock has gained 1.79%. Carrier Global Corp shares have risen nearly 34.67% since the year began. Nevertheless, the stocks have risen 48.19% over the past one year. While a 52-week high of $83.32 was reached on 10/15/24, a 52-week low of $51.20 was recorded on 02/20/24. SMA at 50 days reached $77.81, while 200 days put it at $66.77.

Levels Of Support And Resistance For CARR Stock

The 24-hour chart illustrates a support level at 77.08, which if violated will result in even more drops to 76.80. On the upside, there is a resistance level at 77.85. A further resistance level may holdings at 78.34. The Relative Strength Index (RSI) on the 14-day chart is 54.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.18%. Stochastics %K at 66.25% 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 2024-11-15, dropping by -2.07 million shares to a total of 10.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 12.83 million shares. There was a decline of -19.24%, which implies that there is a negative sentiment for the stock.

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