Shares of Carnival Corporation (NYSE:CCL) Sees Large Outflow of Money

Carnival Corporation (NYSE:CCL) : The total money flow in Carnival Corporation (NYSE:CCL) was negative ($12.25 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $57.39 million. In comparison, the inflow of money into the stock on upticks was $45.15 million. The uptick to downtick ratio was 0.79. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $13.59 million. The value of transactions on uptick was $1.29 million. The negative money flow of ($12.3 million) confirms the selling in Carnival Corporation (NYSE:CCL) on strength. The uptick to downtick ratio of block trades was 0.1. Carnival Corporation (NYSE:CCL) gained $0.74 at $44.47, a gain of 1.69% over the previous days close. However, the stock registered -2.58% in the week.


In an insider trading activity, Glasier Richard, director of Carnival Corp, unloaded 10,000 shares at an average price of $52.43 on April 1, 2016. The total amount of the transaction was worth $524,300, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. 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%.

The company shares have dropped -11.89% 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 $48.32 and the 200 Day Moving Average price is recorded at $49.22. Carnival Corporation (NYSE:CCL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.81 and $43.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.47, notching a gain of 1.69% for the day. The total traded volume was 7,536,967 . The stock had closed at $43.73 on the previous day.

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.

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