Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Carter Bankshares Inc shares valued at $27,377 were sold by Bloomfield Kevin S. on Jun 12 ’25. At $16.81 per share, Bloomfield Kevin S. sold 1,629 shares. The insider’s holdings dropped to 16,418 shares worth approximately $0.27 million following the completion of this transaction.
Also, Bloomfield Kevin S. sold 4,509 shares, netting a total of over 75,367 in proceeds. Following the sale of shares at $16.71 each, the insider now holds 18,047 shares.
Before that, Bloomfield Kevin S. had sold 1,000 shares from its account. In a trade valued at $16,521, the Director traded Carter Bankshares Inc shares for $16.52 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.38 million.
As published in their initiating research note from Hovde Group on October 02, 2024, Carter Bankshares Inc [CARE] has been an Outperform and the price target has been revised to $22. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early May.
Analyzing CARE Stock Performance
On last trading session,, Carter Bankshares Inc [NASDAQ: CARE] rose 1.77% to $16.63. The stock’s lowest price that day was $16.27, but it reached a high of $16.64 in the same session. During the last five days, there has been a drop of approximately -1.07%. Over the course of the year, Carter Bankshares Inc shares have dropped approximately -5.46%. Shares of the company reached a 52-week high of $18.62 on 02/10/25 and a 52-week low of $13.60 on 04/11/25.
Support And Resistance Levels for Carter Bankshares Inc (CARE)
According to the 24-hour chart, there is a support level at 16.39, which, if violated, would cause prices to drop to 16.14. In the upper region, resistance lies at 16.76. The next price resistance is at 16.88. RSI (Relative Strength Index) is 59.03 on the 14-day chart, showing neutral technical sentiment.
Is Carter Bankshares Inc subject to short interest?
Stocks of Carter Bankshares Inc saw a sharp rise in short interest on 2025-05-30 jumping by 13260.0 shares to 0.66 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 0.65 million shares. A jump of 2.01% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 9.85 of the overall float, the days-to-cover ratio (short ratio) jumped to 9.85.
Which companies own the most shares of Carter Bankshares Inc (CARE)?
In spite of this, 1 analysts ranked Carter Bankshares Inc stock as Buy at the end of 2025. On October 06, 2022, DA Davidson assigned a price target of “a Neutral” to the stock and downgraded coverage with a $18.50.
