Monitoring Carnival Corporation & plc (CUK) after recent insider movements


Carnival Corporation & plc’s filing revealed that its CFO & CAO Bernstein David unloaded Company’s shares for reported $1.19 million on Feb 21. In the deal valued at $11.08 per share,107,119 shares were sold. As a result of this transaction, Bernstein David now holds 286,041 shares worth roughly $ 2.81 million.

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Then, WEISENBURGER RANDALL J bought 100,000 shares, generating $1,175,500 in total proceeds. Upon buying the shares at $11.76, the Director now owns 870,950 shares.

Before that, PARKER SIR JOHN sold 7,048 shares. Carnival Corporation & plc shares valued at $125,548 were divested by the Director at a price of $17.81 per share. As a result of the transaction, PARKER SIR JOHN now holds 0 shares, worth roughly $0.0.

Berenberg upgraded its Carnival Corporation & plc [CUK] rating to a Hold from a a Sell in a research note published on Monday. A number of analysts have revised their coverage, including Macquarie’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “an Outperform”. Berenberg also remained covering CUK and has increased its forecast on July 29, 2020 with a “Hold” recommendation from previously “Sell” rating. Morgan Stanley started covering the stock on June 03, 2020. It rated CUK as “an Underweight”.

Price Performance Review of CUK

On Monday, Carnival Corporation & plc [NYSE:CUK] saw its stock jump 2.50% to $9.84. On the same session, the stock had its day’s lowest price of $9.77, but rose to a high of $9.955. Over the last five days, the stock has lost -3.91%. Carnival Corporation & plc shares have risen nearly 36.86% since the year began. Nevertheless, the stocks have fallen -48.21% over the past one year. While a 52-week high of $19.74 was reached on 02/07/23, a 52-week low of $5.43 was recorded on 01/03/23. SMA at 50 days reached $9.11, while 200 days put it at $8.98.

Levels Of Support And Resistance For CUK Stock

The 24-hour chart illustrates a support level at 9.76, which if violated will result in even more drops to 9.67. On the upside, there is a resistance level at 9.94. A further resistance level may holdings at 10.04. The Relative Strength Index (RSI) on the 14-day chart is 48.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.07%. Stochastics %K at 14.11% indicates the stock is a buying.

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

A steep rise in short interest was recorded in Carnival Corporation & plc stocks on Jan 30, 2023, growing by 0.15 million shares to a total of 4.78 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 4.63 million shares. There was a rise of 3.14%, which implies that there is a positive sentiment for the stock.

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

In filings from Aristeia Capital LLC, it is revealed that the company now owns 11,275,692 shares, or roughly 6.06% of the outstanding CUK shares. In other words, the investor’s shares have risen by 28,090 from its previous 13-F filing of 11247602.0. Additionally, Norges Bank Investment Management increased 1,272.81% of its stake after which the total value it holdings stand at $35,429,898, while JPMorgan Securities LLC added 28.16% of its stake to hold $30.7 million in the firm. Over the last quarter, BofA Securities, Inc. purchased 727,638 shares of Carnival Corporation & plc, while Janus Henderson Investors UK Ltd. bought -33,282 shares. At present, CQS is holding 1,886,520 shares valued at $18.36 million. Renaissance Technologies LLC owned 1,044,200 shares of the company at the time of its most recent 13F filing, worth $10.16 million.

According to FactSet, Carnival Corporation & plc’s share price will average $10.21 in the next year, based on opinions of analysts polled by the firm. This is up nearly 4.17 percent from its previous closing price of $9.60. Analysts expect Carnival Corporation & plc stock to reach the higher price of $18.00, while the lowest price estimate is $6.80. However, 21 analysts have rated CUK stock as a Hold in their predictions for 2023.


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