Carter's (CRI) Shares Soar 18.48% After 36% Drop

Carter's (CRI) shares surged by 18.48% today, marking a significant rebound after hitting its lowest level since October 2011, with an intraday decline of 2.37%.

Carter's has faced a challenging period over the past three months, with its stock price declining by 36%. This downturn reflects broader financial difficulties the company is currently experiencing. The share price recently hit a new 52-week low, trading as low as $34.40, which has further dampened investor sentiment.

Adding to the negative outlook, Citigroup recently lowered their price objective for Carter's and set a "neutral" rating. This move underscores the cautious stance analysts are taking towards the company's future prospects. The recent earnings results have also contributed to the rough stretch, with share prices down on average by 17.7%.

Overall, the combination of financial performance issues and market sentiment has led to a general negative outlook on Carter's stock performance. Investors are closely monitoring the company's next steps to address these challenges and regain market confidence.