Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Carnival Corp. 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 $2.85 million following the completion of this transaction.
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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 Corp. shares for $11.50 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $5.92 million.
As published in their initiating research note from Mizuho on March 26, 2024, Carnival Corp. [CCL] has been a Buy and the price target has been revised to $21. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of January 05, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for CCL.
Analyzing CCL Stock Performance
During the last five days, there has been a surge of approximately 5.32%. Over the course of the year, Carnival Corp. shares have dropped approximately -15.59%. Shares of the company reached a 52-week high of $18.34 on 01/02/24 and a 52-week low of $13.80 on 04/16/24. A 50-day SMA is recorded $15.29, while a 200-day SMA reached $15.31. Nevertheless, trading volume fell to 28.92 million shares from 29.69 million shares the previous day.
Support And Resistance Levels for Carnival Corp. (CCL)
According to the 24-hour chart, there is a support level at 15.43, which, if violated, would cause prices to drop to 15.20. In the upper region, resistance lies at 16.03. The next price resistance is at 16.41. RSI (Relative Strength Index) is 58.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.11, which suggests the price will increase in the coming days. Percent R is at 26.11%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
