While this happened, Wells Fargo downgraded its Carters Inc [CRI] rating to an Underweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late April with a ‘”an Underweight”‘ rating. Citigroup also remained covering CRI and has increased its forecast on November 12, 2024 with a “Neutral” recommendation from previously “Sell” rating. Monness Crespi & Hardt revised its rating on February 26, 2024. It rated CRI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CRI
On Monday, Carters Inc [NYSE:CRI] saw its stock fall -3.20% to $33.84. Over the last five days, the stock has gained 2.86%. Carters Inc shares have fallen nearly -37.55% since the year began. Nevertheless, the stocks have fallen -50.53% over the past one year. While a 52-week high of $72.11 was reached on 01/06/25, a 52-week low of $32.04 was recorded on 04/30/25. SMA at 50 days reached $39.07, while 200 days put it at $53.94.
Levels Of Support And Resistance For CRI Stock
The 24-hour chart illustrates a support level at 33.44, which if violated will result in even more drops to 33.04. On the upside, there is a resistance level at 34.42. A further resistance level may holdings at 35.01. The Relative Strength Index (RSI) on the 14-day chart is 41.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.81%. Stochastics %K at 28.08% indicates the stock is a holding.
How much short interest is there in Carters Inc?
A steep rise in short interest was recorded in Carters Inc stocks on 2025-04-15, growing by 0.82 million shares to a total of 5.37 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 4.55 million shares. There was a rise of 15.25%, which implies that there is a positive sentiment for the stock.
