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An Analysis of Carnival plc ADR (CUK)’s Potential Price Growth

Carnival plc ADR’s recent filing unveils that its Director BAND SIR JONATHON acquired Company’s shares for reported $0.37 million on Oct 29 ’24. In the deal valued at $20.91 per share,17,500 shares were bought.

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Then, Bernstein David sold 153,995 shares, generating $2,367,088 in total proceeds. Upon selling the shares at $15.37, the CFO & CAO now owns 181,981 shares.

Before that, Bernstein David sold 34,020 shares. Carnival plc ADR shares valued at $579,891 were divested by the CFO & CAO at a price of $17.05 per share. As a result of the transaction, Bernstein David now holds 335,976 shares, worth roughly $6.75 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 Tuesday, Carnival plc ADR [NYSE:CUK] saw its stock jump 0.70% to $20.08. Over the last five days, the stock has gained 2.45%. Carnival plc ADR shares have risen nearly 19.10% since the year began. Nevertheless, the stocks have risen 99.21% over the past one year. While a 52-week high of $20.28 was reached on 10/28/24, a 52-week low of $10.05 was recorded on 04/16/24. SMA at 50 days reached $16.75, while 200 days put it at $15.10.

Levels Of Support And Resistance For CUK Stock

The 24-hour chart illustrates a support level at 19.59, which if violated will result in even more drops to 19.09. On the upside, there is a resistance level at 20.42. A further resistance level may holdings at 20.75. The Relative Strength Index (RSI) on the 14-day chart is 71.04, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.22%. Stochastics %K at 84.33% indicates the stock is a selling.

How much short interest is there in Carnival plc ADR?

A steep rise in short interest was recorded in Carnival plc ADR stocks on 2024-10-15, dropping by -0.6 million shares to a total of 3.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.44 million shares. There was a decline of -15.5%, which implies that there is a negative sentiment for the stock.

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