Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Carrier Global Corp shares valued at $889,082 were sold by Crockett Kyle on Nov 07 ’24. At $76.34 per share, Crockett Kyle sold 11,647 shares. The insider’s holdings dropped to 2,042 shares worth approximately $0.14 million following the completion of this transaction.
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Also, O’Connor Kevin J. sold 167,183 shares, netting a total of over 12,281,698 in proceeds. Following the sale of shares at $73.46 each, the insider now holds 46,083 shares.
Before that, Kyle Crockett had added 11,647 shares to its account. In a trade valued at $889,000, the Officer bought Carrier Global Corp shares for $76.33 each.
Analysts at Northcoast started covering the stock with ‘”a Neutral”‘ outlook in a report released in late November. As of November 13, 2024, UBS has increased its “Neutral” rating to a “Buy” for CARR. Earlier on October 16, 2024, Stephens downgraded its rating. Their new recommendation was “an Equal-weight” for CARR stock which previously was a “an Overweight”.
Analyzing CARR Stock Performance
During the last five days, there has been a drop of approximately -9.05%. Over the course of the year, Carrier Global Corp shares have jumped approximately 16.68%. 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 $75.94, while a 200-day SMA reached $67.94. Nevertheless, trading volume fell to 6.83 million shares from 10.4 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 65.78, which, if violated, would cause prices to drop to 64.52. In the upper region, resistance lies at 69.48. The next price resistance is at 71.92. RSI (Relative Strength Index) is 23.69 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.76, which suggests the price will decrease in the coming days. Percent R is at 99.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
