Carrier Global (CARR) was Smart Insider's stock pick of the week after Chairman and Chief Executive David Gitlin acquired $1 million worth of Carrier Global shares for $52.62 apiece on Nov. 25, raising his stake by 2%.
This was Gitlin's first stock purchase since May 2020, when he made a similar-sized purchase at $17.45 per share, Smart Insider said in a Tuesday note.
It was also a reversal from a $19 million option-related sale in February 2024 at a similar price, according to the note.
Smart Insider ranked the stock +1, or strong positive signal, on Nov. 26.
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