Watch for Continued Gains in Shares of Carrier Global Corporation (CARR)

July 16, 2021 10:53:05

Shares of Carrier Global Corporation (NYSE:CARR) traded today at $49.75, eclipsing its 52-week high. Approximately 682,000 shares have changed hands today, as compared to an average 30-day volume of 4.7 million shares.

Carrier Global Corp manufactures heating, ventilation, and air-conditioning, refrigeration, and fire and security products. Carrier’s HVAC business serves both residential and commercial markets (60% of HVAC sales). Carrier’s refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm’s fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products.

Carrier Global Corporation share prices have moved between a 52-week high of $49.75 and a 52-week low of $25.54 and are now trading 93% above that low price at $49.38 per share.

Carrier Global Corporation (NYSE:CARR) is currently priced 13.4% above its average consensus analyst price target of $42.75.

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