The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Carrier Global Corp shares valued at $1,234,884 were sold by Crockett Kyle on Feb 14 ’25. At $65.18 per share, Crockett Kyle sold 18,945 shares. The insider’s holdings dropped to 4,573 shares worth approximately $0.3 million following the completion of this transaction.
Also, Kyle Crockett purchased 18,945 shares, netting a total of over 1,234,885 in proceeds.
Before that, Kevin O’Connor had added 19,500 shares to its account. In a trade valued at $1,245,270, the Officer bought Carrier Global Corp shares for $63.86 each.
As published in a research note from Mizuho on February 14, 2025, Carrier Global Corp [CARR] has been rated up from a Neutral to an Outperform and the price target has been revised to $78. As of November 22, 2024, Northcoast has initiated its “Neutral” rating for CARR. Earlier on November 13, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for CARR stock which previously was a “a Neutral”.
Analyzing CARR Stock Performance
During the last five days, there has been a surge of approximately 1.26%. Over the course of the year, Carrier Global Corp shares have dropped approximately -3.34%. Shares of the company reached a 52-week high of $70.93 on 01/22/25 and a 52-week low of $62.76 on 02/12/25. A 50-day SMA is recorded $68.26, while a 200-day SMA reached $69.92. Nevertheless, trading volume fell to 5.17 million shares from 7.76 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 65.71, which, if violated, would cause prices to drop to 65.43. In the upper region, resistance lies at 66.42. The next price resistance is at 66.86. RSI (Relative Strength Index) is 48.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.99, which suggests the price will decrease in the coming days. Percent R is at 19.70%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
