Following these proceedings, 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 jump 5.01% to $35.86. Over the last five days, the stock has gained 5.97%. Carters Inc shares have fallen nearly -33.83% since the year began. Nevertheless, the stocks have fallen -48.32% 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 $38.04, while 200 days put it at $53.25.
Levels Of Support And Resistance For CRI Stock
The 24-hour chart illustrates a support level at 34.77, which if violated will result in even more drops to 33.67. On the upside, there is a resistance level at 37.68. A further resistance level may holdings at 39.49. The Relative Strength Index (RSI) on the 14-day chart is 49.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.54%. Stochastics %K at 38.82% indicates the stock is a holding.
