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Stock impact report

Insiders Buy At Carrier, Hershey And T-Mobile [Forbes]

Carrier Global Corporation (CARR) 
Company Research Source: Forbes
Numerous studies, most notably at the University of Michigan, have shown that insiders do better, on average, than regular investors. Trades by chief executive officers (CEOs) generally do better than those of other insiders. Let's glance at a quintet of insider purchases from last month that piqued my interest. You may have owned a Carrier air conditioner at some point. Carrier Global Corp. (CARR) is a giant in the heating, ventilation and air conditioning (HVAC) business. Until 2020, Carrier was a subsidiary of the conglomerate now known as RTX Corp. (RTX). It has notched strong and consistent profits, yet its stock has underperformed the Standard & Poor's 500. My guess is that better times lie ahead. Perhaps CEO David Gitlin thinks so too. On November 25 he bought just over $1 million of Carrier stock and now hold about $45 million of it. This purchase was his first in five years. Kirk Tanner, former CEO of both PepsiCo Inc. (PEP) and Wendy's Co. (WEN), will soon occupy Show less Read more
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