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Carnival plc ADR [CUK] Investment Appeal on the Rise

Carnival plc ADR’s recent filing unveils that 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 $2.39 million.

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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 plc ADR 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 $4.98 million.

Berenberg upgraded its Carnival plc ADR [CUK] rating to a Hold from a a Sell in a research note published recently. 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 Friday, Carnival plc ADR [NYSE:CUK] saw its stock fall -1.20% to $13.15. Over the last five days, the stock has lost -0.23%. Carnival plc ADR shares have fallen nearly -22.00% since the year began. Nevertheless, the stocks have risen 40.04% over the past one year. While a 52-week high of $17.95 was reached on 01/02/24, a 52-week low of $8.65 was recorded on 04/16/24. SMA at 50 days reached $13.97, while 200 days put it at $13.96.

Levels Of Support And Resistance For CUK Stock

The 24-hour chart illustrates a support level at 13.02, which if violated will result in even more drops to 12.90. On the upside, there is a resistance level at 13.33. A further resistance level may holdings at 13.52. The Relative Strength Index (RSI) on the 14-day chart is 44.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.15%. Stochastics %K at 41.07% indicates the stock is a holding.

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