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Recent Insider Activity Could Benefit Carnival Corp (CCL)

Carnival Corp’s filing revealed that its Director BAND SIR JONATHON unloaded Company’s shares for reported $0.38 million on Oct 29 ’24. In the deal valued at $21.72 per share,17,500 shares were sold. As a result of this transaction, BAND SIR JONATHON now holds 65,789 shares worth roughly $1.65 million.

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Then, BAND SIR JONATHON bought 17,500 shares, generating $365,925 in total proceeds.

Before that, Bernstein David sold 153,995 shares. Carnival Corp shares valued at $2,367,088 were divested by the CFO & CAO at a price of $15.37 per share. As a result of the transaction, Bernstein David now holds 181,981 shares, worth roughly $4.57 million.

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 2.53% to $25.13. Over the last five days, the stock has gained 2.20%. Carnival Corp shares have risen nearly 35.54% since the year began. Nevertheless, the stocks have risen 69.91% over the past one year. While a 52-week high of $24.99 was reached on 11/19/24, a 52-week low of $13.78 was recorded on 08/05/24. SMA at 50 days reached $20.66, while 200 days put it at $17.13.

Levels Of Support And Resistance For CCL Stock

The 24-hour chart illustrates a support level at 24.25, which if violated will result in even more drops to 23.38. On the upside, there is a resistance level at 25.61. A further resistance level may holdings at 26.10. The Relative Strength Index (RSI) on the 14-day chart is 77.82, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.45%. Stochastics %K at 88.16% 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 2024-10-31, dropping by -4.89 million shares to a total of 62.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 67.82 million shares. There was a decline of -7.78%, which implies that there is a negative sentiment for the stock.

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