Carnival Corporation & plc (CCL) may enjoy gains as insiders got busy in the recent days


Carnival Corporation & plc’s recent filing unveils that its Director WEISENBURGER RANDALL J acquired Company’s shares for reported $1.18 million on May 25. In the deal valued at $11.76 per share,100,000 shares were bought. As a result of this transaction, WEISENBURGER RANDALL J now holds 870,950 shares worth roughly $ 9.3 million.

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Then, DONALD ARNOLD W sold 95,796 shares, generating $1,827,970 in total proceeds. Upon selling the shares at $19.08, the President & CEO now owns 366,527 shares.

PT values the company’s stock at a premium of 17.85 to its Tuesday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who remained covering the stock and in late June has reiterated a ‘”an Underweight”‘ rating for it. Barclays began covering CCL with “an Overweight” recommendation on June 29, 2022. Susquehanna started covering the stock on June 09, 2022. It rated CCL as “a Neutral”.

Price Performance Review of CCL

On Tuesday, Carnival Corporation & plc [NYSE:CCL] saw its stock fall -0.37% to $10.68. On the same session, the stock had its day’s lowest price of $10.40, but rose to a high of $10.96. Over the last five days, the stock has lost -1.84%. Carnival Corporation & plc shares have risen nearly 32.51% since the year began. Nevertheless, the stocks have fallen -46.57% over the past one year. While a 52-week high of $23.86 was reached on 01/18/23, a 52-week low of $6.11 was recorded on 01/03/23. SMA at 50 days reached $9.34, while 200 days put it at $10.71. A total of 33.09 million shares were traded, compared to the trading of 34.61 million shares in the previous session.

Levels Of Support And Resistance For CCL Stock

The 24-hour chart illustrates a support level at 10.40, which if violated will result in even more drops to 10.12. On the upside, there is a resistance level at 10.96. A further resistance level may holdings at 11.24. The Relative Strength Index (RSI) on the 14-day chart is 65.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.34%. Stochastics %K at 83.09% indicates the stock is a selling.

How much short interest is there in Carnival Corporation & plc?

A steep rise in short interest was recorded in Carnival Corporation & plc stocks on Oct 13, 2022, growing by 41.24 million shares to a total of 144.52 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 103.28 million shares. There was a rise of 28.54%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.65% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.85.

Carnival Corporation & plc [CCL] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 111,933,967 shares, or roughly 10.06% of the outstanding CCL shares. In other words, the investor’s shares have risen by 6,631,727 from its previous 13-F filing of 105302240.0. Additionally, BlackRock Fund Advisors increased 16.43% of its stake after which the total value it holdings stand at $349,169,170, while Truist Bank reduced -0.01% of its stake to hold $295.19 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 5,629,748 shares of Carnival Corporation & plc, while Geode Capital Management LLC bought 3,419,569 shares. At present, Northern Trust Investments, Inc. is holding 13,645,649 shares valued at $109.98 million. PRIMECAP Management Co. owned 9,479,624 shares of the company at the time of its most recent 13F filing, worth $76.41 million.

According to FactSet, Carnival Corporation & plc’s share price will average $10.19 in the next year, based on opinions of analysts polled by the firm. This is down nearly -6.72 percent from its previous closing price of $10.72. Analysts expect Carnival Corporation & plc stock to reach the higher price of $18.00, while the lowest price estimate is $6.00. However, 22 analysts have rated CCL stock as a Hold in their predictions for 2023. The most recent change occurred on March 30, 2022 when Wells Fargo began covering the stock and recommended ‘”an Underweight”‘ rating along with a $21 price target.


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