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The Potential Rise in the Price of Carnival Corp (CCL) following insiders activity

Carnival Corp’s recently made public 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 $1.7 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 $4.71 million.

Bernstein initiated its Carnival Corp [CCL] rating to a Mkt perform in a research note published on November 26, 2024; the price target was $26. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. Goldman began covering CCL with “Buy” recommendation on March 13, 2024. Wells Fargo revised its rating on January 05, 2024. It rated CCL as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of CCL

On Friday, Carnival Corp [NYSE:CCL] saw its stock fall -1.07% to $25.90. Over the last five days, the stock has lost -2.67%. Carnival Corp shares have risen nearly 39.70% since the year began. Nevertheless, the stocks have risen 41.76% over the past one year. While a 52-week high of $27.17 was reached on 12/05/24, a 52-week low of $13.78 was recorded on 08/05/24. SMA at 50 days reached $23.28, while 200 days put it at $18.02.

Levels Of Support And Resistance For CCL Stock

The 24-hour chart illustrates a support level at 25.65, which if violated will result in even more drops to 25.40. On the upside, there is a resistance level at 26.28. A further resistance level may holdings at 26.66. The Relative Strength Index (RSI) on the 14-day chart is 58.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.63%. Stochastics %K at 58.66% indicates the stock is a holding.

How much short interest is there in Carnival Corp?

A steep rise in short interest was recorded in Carnival Corp stocks on 2024-11-29, growing by 4.01 million shares to a total of 66.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 62.93 million shares. There was a rise of 6.0%, which implies that there is a positive sentiment for the stock.

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