Carrier Global Corp. Stock Hits Day Low of USD 56.61 Amid Price Pressure

Carrier Global Corp. experienced a notable decline today, with the stock dropping by 5.15% to reach an intraday low of USD 56.61. This performance contrasts sharply with the S&P 500, which remained unchanged at 0.0% for the day. Over the past week, Carrier has seen a slight decrease of 0.82%, while its performance over the last month reflects a more significant drop of 5.92%.
In the longer term, the stock has faced challenges, with a year-to-date decline of 16.88% compared to the S&P 500's gain of 14.52%. Over the past year, Carrier's performance has been particularly concerning, showing a decrease of 29.21%, while the S&P 500 has risen by 15.06%.

Despite these setbacks, the company maintains a market capitalization of USD 56,210 million and a price-to-earnings ratio of 18.00. The return on equity stands at 11.99%, and the company has a debt-to-equity ratio of 0.66. These metrics indicate a complex financial landscape for Carrier Global Corp. as it navigates current market conditions.