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 plc ADR shares valued at $2,367,088 were sold by Bernstein David on Feb 15 ’24. At $15.37 per share, Bernstein David sold 153,995 shares. The insider’s holdings dropped to 181,981 shares worth approximately $2.31 million following the completion of this transaction.
Also, Bernstein David sold 34,020 shares, netting a total of over 579,891 in proceeds. Following the sale of shares at $17.05 each, the insider now holds 335,976 shares.
Before that, WEISENBURGER RANDALL J had added 100,000 shares to its account. In a trade valued at $1,150,000, the Director bought Carnival plc ADR shares for $11.50 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $4.81 million.
As published in a research note from Berenberg on July 14, 2021, Carnival plc ADR [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 Stock Performance
During the last five days, there has been a drop of approximately -5.71%. Over the course of the year, Carnival plc ADR shares have dropped approximately -24.56%. Shares of the company reached a 52-week high of $16.70 on 01/02/24 and a 52-week low of $12.50 on 04/16/24. A 50-day SMA is recorded $14.23, while a 200-day SMA reached $14.24.
Support And Resistance Levels for Carnival plc ADR (CUK)
According to the 24-hour chart, there is a support level at 12.61, which, if violated, would cause prices to drop to 12.49. In the upper region, resistance lies at 12.89. The next price resistance is at 13.05. RSI (Relative Strength Index) is 32.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.93, which suggests the price will decrease in the coming days. Percent R is at 92.69%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
