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Investing in Carnival plc ADR (CUK) Is Getting More Attractive

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Carnival plc ADR’s recent filing unveils 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 $1.52 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 plc ADR 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 $4.2 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 Monday, Carnival plc ADR [NYSE:CUK] saw its stock fall -4.67% to $23.06. Over the last five days, the stock has lost -2.45%. Carnival plc ADR shares have risen nearly 36.77% since the year began. Nevertheless, the stocks have risen 42.79% over the past one year. While a 52-week high of $24.66 was reached on 12/05/24, a 52-week low of $12.50 was recorded on 04/16/24. SMA at 50 days reached $20.54, while 200 days put it at $16.18.

Levels Of Support And Resistance For CUK Stock

The 24-hour chart illustrates a support level at 22.67, which if violated will result in even more drops to 22.28. On the upside, there is a resistance level at 23.83. A further resistance level may holdings at 24.60. The Relative Strength Index (RSI) on the 14-day chart is 58.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.81%. Stochastics %K at 70.63% indicates the stock is a holding.

How much short interest is there in Carnival plc ADR?

A steep rise in short interest was recorded in Carnival plc ADR stocks on 2024-11-15, dropping by -0.2 million shares to a total of 3.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.84 million shares. There was a decline of -5.47%, which implies that there is a negative sentiment for the stock.

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