Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Carnival Corp 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 $1.69 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 Corp shares for $15.37 each. Upon closing the transaction, the insider’s holdings decreased to 153,995 shares, worth approximately $4.67 million.
As published in a research note from Stifel on December 23, 2024, Carnival Corp [CCL] has been retained to a Buy and the price target has been revised to $34. Analysts at Citigroup resumed the stock at ‘”a Buy”‘ outlook in a report released in late December. As of December 23, 2024, Barclays has reiterated its “an Overweight” rating for CCL. Earlier on November 26, 2024, Bernstein initiated its rating. Their recommendation was “a Mkt perform” for CCL stock.
Analyzing CCL Stock Performance
During the last five days, there has been a surge of approximately 3.38%. Over the course of the year, Carnival Corp shares have jumped approximately 38.40%. Shares of the company reached a 52-week high of $27.17 on 12/05/24 and a 52-week low of $13.78 on 08/05/24. A 50-day SMA is recorded $24.24, while a 200-day SMA reached $18.40. Nevertheless, trading volume fell to 12.36 million shares from 10.23 million shares the previous day.
Support And Resistance Levels for Carnival Corp (CCL)
According to the 24-hour chart, there is a support level at 25.41, which, if violated, would cause prices to drop to 25.15. In the upper region, resistance lies at 25.87. The next price resistance is at 26.08. RSI (Relative Strength Index) is 52.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.14, which suggests the price will decrease in the coming days. Percent R is at 57.03%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
