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Insider Selling: BAND SIR JONATHON, Carnival plc ADR [CUK] Director divested 17,500 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Carnival plc ADR shares valued at $380,100 were sold by BAND SIR JONATHON on Oct 29 ’24. At $21.72 per share, BAND SIR JONATHON sold 17,500 shares. The insider’s holdings dropped to 65,789 shares worth approximately $1.46 million following the completion of this transaction.

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Also, BAND SIR JONATHON purchased 17,500 shares, netting a total of over 365,925 in proceeds.

Before that, Bernstein David had sold 153,995 shares from its account. In a trade valued at $2,367,088, the CFO & CAO traded Carnival plc ADR shares for $15.37 each. Upon closing the transaction, the insider’s holdings decreased to 153,995 shares, worth approximately $4.04 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 surge of approximately 0.86%. Over the course of the year, Carnival plc ADR shares have jumped approximately 31.61%. Shares of the company reached a 52-week high of $22.39 on 11/13/24 and a 52-week low of $12.50 on 04/16/24. A 50-day SMA is recorded $18.14, while a 200-day SMA reached $15.43.

Support And Resistance Levels for Carnival plc ADR (CUK)

According to the 24-hour chart, there is a support level at 22.00, which, if violated, would cause prices to drop to 21.82. In the upper region, resistance lies at 22.38. The next price resistance is at 22.58. RSI (Relative Strength Index) is 75.39 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.41, which suggests the price will increase in the coming days. Percent R is at 5.76%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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