CEO David L. Gitlin buys 19,300 CARR shares at $52.62; stock now at $53.95, down 33.2% from 52-week high.
Gitlin purchased 19,300 shares for $1,015,571.79, increasing his holdings from 515,174 to 534,474 shares (a 3.7% increase). The transaction occurred at $52.62, and CARR has declined 6.7% over the past 30 days and 20.2% over 90 days, now trading at $53.95—down 33.2% from its 52-week high of $80.73. Carrier Global's fundamentals show $5.6B in quarterly revenue, $428.0M net income, and a low P/E of 11.41, suggesting the stock is not expensive by historical measures. His prior trade at this ticker (a sale on 2024-02-08) posted positive 90-day returns, indicating it was not well-timed relative to subsequent price movements. This open-market buy occurs as the stock has retreated substantially from its peak, warranting attention to whether this represents a conviction move or a response to valuation alone.