Checking in on Carnival plc ADR (CUK) after recent insiders movement

Carnival plc ADR’s recently made public that its CFO & CAO Bernstein David unloaded Company’s shares for reported $0.58 million on Jan 19. In the deal valued at $17.05 per share,34,020 shares were sold. As a result of this transaction, Bernstein David now holds 335,976 shares worth roughly $5.06 million.

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Then, WEISENBURGER RANDALL J bought 100,000 shares, generating $1,150,000 in total proceeds. Upon buying the shares at $11.50, the Director now owns 378,368 shares.

Before that, WEISENBURGER RANDALL J bought 350,000 shares. Carnival plc ADR shares valued at $4,544,785 were divested by the Director at a price of $12.99 per share. As a result of the transaction, WEISENBURGER RANDALL J now holds 961,238 shares, worth roughly $14.48 million.

Berenberg upgraded its Carnival plc ADR [CUK] rating to a Hold from a a Sell in a research note published recently.

Price Performance Review of CUK

On Tuesday, Carnival plc ADR [NYSE:CUK] saw its stock fall -0.26% to $15.06. Over the last five days, the stock has gained 1.62%. Carnival plc ADR shares have fallen nearly -10.68% since the year began. Nevertheless, the stocks have risen 51.36% over the past one year. While a 52-week high of $17.95 was reached on 01/02/24, a 52-week low of $7.65 was recorded on 01/29/24. SMA at 50 days reached $15.31, while 200 days put it at $13.28.

Levels Of Support And Resistance For CUK Stock

The 24-hour chart illustrates a support level at 14.81, which if violated will result in even more drops to 14.57. On the upside, there is a resistance level at 15.52. A further resistance level may holdings at 15.98. The Relative Strength Index (RSI) on the 14-day chart is 46.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.77%. Stochastics %K at 35.74% indicates the stock is a holding.

How much short interest is there in Carnival plc ADR?

A steep rise in short interest was recorded in Carnival plc ADR stocks on Jan 11, 2024, dropping by -0.57 million shares to a total of 0.73 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 1.3 million shares. There was a decline of -77.51%, which implies that there is a negative sentiment for the stock.

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