Large Outflow of Money Witnessed in Carnival Corporation

Carnival Corporation (NYSE:CCL) traded on a positive note gaining 0.04 points or 0.08% to be valued at $47.19 per share. Intraday, the shares aggregated $3.65 million in upticks but saw an exodus of $5.64 million in downticks. The net money flow was calculated to be $(-1.99) million with the final up/down ratio coming in at 0.65. The share price has seen a change of -1.17% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $2.42 million in downticks. The net money flow for the block exchange was disappointing at $(-2.42) Million.


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%. On the companys insider trading activities, The director, of Carnival Corp, Glasier Richard had unloaded 10,000 shares at $52.43 per share in a transaction on April 1, 2016. The total value of transaction was $524,300. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Carnival Corporation (NYSE:CCL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.51 points or 1.08% at $46.64 with 3,660,137 shares getting traded. Post opening the session at $46.5, the shares hit an intraday low of $46.29 and an intraday high of $47.24 and the price was in this range throughout the day. The company has a market cap of $36,314 million and the number of outstanding shares have been calculated to be 778,593,080 shares. The 52-week high of Carnival Corporation (NYSE:CCL) is $55.77 and the 52-week low is $40.52.

Many analysts have stated their opinion on the company shares. Sterne Agee CRT initiates coverage on Carnival Corporation (NYSE:CCL). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $60 per share. The rating by the firm was issued on June 7, 2016.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.