The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Carnival Corporation & plc shares valued at $1,175,500 were purchased by WEISENBURGER RANDALL J on May 25. At $11.76 per share, WEISENBURGER RANDALL J acquired 100,000 shares. The insider’s holdings grew to 870,950 shares worth approximately $7.47 million following the completion of this transaction.
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Also, PARKER SIR JOHN sold 7,048 shares, netting a total of over 125,548 in proceeds. Following the sale of shares at $17.81 each, the insider now holds 0 shares.
Before that, Thamm Michael Olaf had sold 3,841 shares from its account. In a trade valued at $79,195, the Group CEO – Costa Crociere traded Carnival Corporation & plc shares for $20.62 each. Upon closing the transaction, the insider’s holdings decreased to 3,841 shares, worth approximately $1.76 million.
As published in a research note from Berenberg on July 14, 2021, Carnival Corporation & plc [CUK] has been rated up from a Sell to a Hold. Analysts at Macquarie upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early March. As of July 29, 2020, Berenberg has increased its “Sell” rating to a “Hold” for CUK. Earlier on June 03, 2020, Morgan Stanley initiated its rating. Their recommendation was “an Underweight” for CUK stock.
Analyzing CUK’s Price Performance
On Wednesday, Carnival Corporation & plc [NYSE: CUK] plunged -6.64% to $8.58. The stock’s lowest price that day was $8.57, but it reached a high of $9.09 in the same session. During the last five days, there has been a drop of approximately -8.04%. Over the course of the year, Carnival Corporation & plc shares have dropped approximately -53.60%. Shares of the company reached a 52-week high of $22.12 on 02/10/22 and a 52-week low of $7.43 on 06/30/22. A 50-day SMA is recorded $8.87, while a 200-day SMA reached $14.18.
Support And Resistance Levels for Carnival Corporation & plc (CUK)
According to the 24-hour chart, there is a support level at 8.40, which, if violated, would cause prices to drop to 8.23. In the upper region, resistance lies at 8.92. The next price resistance is at 9.27. RSI (Relative Strength Index) is 43.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 68.59%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Carnival Corporation & plc subject to short interest?
Stocks of Carnival Corporation & plc saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.53 million shares to 4.79 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.32 million shares. A decline of -11.06% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.25 of the overall float, the days-to-cover ratio (short ratio) decline to 1.25.
Which companies own the most shares of Carnival Corporation & plc (CUK)?
According to Aristeia Capital LLC filings, the company currently owns 10,002,403 shares, which is about 5.38% of the total CUK shares outstanding. The investor’s shares have appreciated by 6,944 from its previous 13-F filing of 9995459.0 shares. With the completion of the buy transaction, JPMorgan Securities LLC’s stake is now worth $17,603,819. Janus Henderson Investors UK Ltd. acquire a 3.80% interest valued at $13.05 million while Nomura Securities Co., Ltd. 0 stake. In its current portfolio, Two Sigma Investments LP holds 712,041 shares valued at $6.03 million.
In terms of Carnival Corporation & plc share price expectations, FactSet research, analysts set an average price target of $12.48 in the next 12 months, up nearly 21.87% from the previous closing price of $9.19. Analysts anticipate Carnival Corporation & plc stock to reach $29.00 by 2022, with the lowest price target being $6.80. In spite of this, 22 analysts ranked Carnival Corporation & plc stock as a Hold at the end of 2022.