Stocks of Carnival Corporation (NYSE:CCL) rallied by 1.4% during the past week but lost 4.44% on a 4-week basis. The company has outperformed the S&P 500 by 2.62% in the past week but underperformed the index by 5.31% in the last 4 weeks.
Carnival Corporation (NYSE:CCL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.47 and $47.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.81, notching a gain of 0.72% for the day. The total traded volume was 5,882,280 . The stock had closed at $47.47 on the previous day.
The company shares have dropped -4.23% from its 1 Year high price. On Dec 30, 2015, the shares registered one year high at $55.77 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $48.78 and the 200 Day Moving Average price is recorded at $49.43.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Carnival Corp, Glasier Richard had sold 10,000 shares worth of $524,300 in a transaction dated April 1, 2016. In this transaction, 10,000 shares were sold at $52.43 per share.
Many analysts have stated their opinion on the company shares. Sterne Agee CRT initiates coverage on Carnival Corporation (NYSE:CCL).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Sterne Agee CRT announces the price target of $60 per share. The rating by the firm was issued on June 7, 2016. Currently the company Insiders own 22% of Carnival Corporation shares according to the proxy statements. Institutional Investors own 79.75% of Carnival Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -17.34%.
Carnival Corporation is a cruise vacation company. The Company has three cruise segments that consist of North America cruise brands, Europe, Australia & Asia (EAA) cruise brands, and Cruise Support. In addition, it also has a Tour and Other segment. The Company offers its services under nine cruise brands. Its North America segment cruise brands include Carnival Cruise Lines, Holland America Line, Princess Cruises (Princess) and Seabourn. Its EAA segment cruise brands include AIDA Cruises (AIDA), Costa Cruises (Costa), Cunard, P&O Cruises (Australia) and P&O Cruises (United Kingdom). Its Cruise Support segment includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands, Roatan, Honduras and Puerto Plata, Dominican Republic. In addition to its cruise operations, it owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon.