Carter's Stock Plunges to 52-Week Low: Time to Buy or Stay Cautious?

Carter's, Inc. (CRI) hit a new 52-week low of $49.65 yesterday before closing at $52.21. The current price reflects a 68% discount from its 52-week high of $88.03, highlighting a challenging year for the children's apparel giant. Overall, the CRI stock has trended downward in the past year, led by shifting consumer trends and competitive pressures.The company is also facing strong resistance levels, raising concerns among investors from a technical perspective. The stock has been trading below both the 200- ...