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 $3.9 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.
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 Tuesday, Carnival Corp. [NYSE:CCL] saw its stock jump 0.80% to $21.45. Over the last five days, the stock has lost -0.46%. Carnival Corp. shares have risen nearly 15.70% since the year began. Nevertheless, the stocks have risen 94.47% over the past one year. While a 52-week high of $21.80 was reached on 10/15/24, a 52-week low of $10.84 was recorded on 08/05/24. SMA at 50 days reached $17.82, while 200 days put it at $16.50.
Levels Of Support And Resistance For CCL Stock
The 24-hour chart illustrates a support level at 20.97, which if violated will result in even more drops to 20.48. On the upside, there is a resistance level at 21.75. A further resistance level may holdings at 22.04. The Relative Strength Index (RSI) on the 14-day chart is 72.74, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.38%. Stochastics %K at 90.49% indicates the stock is a selling.
How much short interest is there in Carnival Corp.?
A steep rise in short interest was recorded in Carnival Corp. stocks on 2024-09-30, dropping by -16.81 million shares to a total of 67.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 84.64 million shares. There was a decline of -24.79%, which implies that there is a negative sentiment for the stock.
