In a filing, Carnival Corp. revealed its CFO & CAO Bernstein David unloaded Company’s shares for reported $2.37 million on Feb 15 ’24. In the deal valued at $15.37 per share,153,995 shares were sold. As a result of this transaction, Bernstein David now holds 181,981 shares worth roughly $2.75 million.
Then, Bernstein David sold 34,020 shares, generating $579,891 in total proceeds. Upon selling the shares at $17.05, the CFO & CAO now owns 335,976 shares.
Before that, WEISENBURGER RANDALL J bought 100,000 shares. Carnival Corp. shares valued at $1,150,000 were divested by the Director at a price of $11.50 per share. As a result of the transaction, WEISENBURGER RANDALL J now holds 378,368 shares, worth roughly $5.72 million.
Mizuho initiated its Carnival Corp. [CCL] rating to a Buy in a research note published on March 26, 2024; the price target was $21. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Wells Fargo also remained covering CCL and has increased its forecast on January 05, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating.
Price Performance Review of CCL
On Friday, Carnival Corp. [NYSE:CCL] saw its stock jump 0.40% to $15.12. Over the last five days, the stock has lost -7.47%. Carnival Corp. shares have fallen nearly -18.45% since the year began. Nevertheless, the stocks have risen 53.50% over the past one year. While a 52-week high of $19.74 was reached on 01/02/24, a 52-week low of $8.70 was recorded on 02/20/24. SMA at 50 days reached $15.94, while 200 days put it at $15.80. A total of 29.78 million shares were traded, compared to the trading of 35.61 million shares in the previous session.
Levels Of Support And Resistance For CCL Stock
The 24-hour chart illustrates a support level at 14.92, which if violated will result in even more drops to 14.72. On the upside, there is a resistance level at 15.24. A further resistance level may holdings at 15.36. The Relative Strength Index (RSI) on the 14-day chart is 36.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.14%. Stochastics %K at 5.57% indicates the stock is a buying.
How much short interest is there in Carnival Corp.?
A steep rise in short interest was recorded in Carnival Corp. stocks on Mar 15, 2024, dropping by -0.44 million shares to a total of 92.5 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 92.94 million shares. There was a decline of -0.48%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.23.
