Large Outflow of Money Witnessed in Carnival Corporation

Carnival Corporation (CCL): The stock had negative money flow to the tune of ($3.18 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $16.79 million, whereas, the outflow of money on downticks was $19.98 million and the ratio between the two was 0.84. The block trade had a negative net money flow of ($3.65 million). The total block trade value undertaken on upticks was $0.96 million. On the other hand, downticks amounted to $4.61 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.21. Carnival Corporation (CCL) closed with marginal gains of 64 cents to end the day at $45.96, an increase of 1.4% over the previous days close. The stock recorded 1.4% for the week.


Carnival Corporation (CCL) stock is expected to deviate a maximum of $3.19 from the average target price of $55.78 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $60 and the most muted being $50.

Carnival Corporation (NYSE:CCL): stock turned positive on Friday. Though the stock opened at $45.53, the bulls momentum made the stock top out at $46.01 level for the day. The stock recorded a low of $45.41 and closed the trading day at $45.94, in the green by 1.37%. The total traded volume for the day was 3,842,148. The stock had closed at $45.32 in the previous days trading.

In a related news, 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 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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