Carnival Corporation (CCL) : Traders are bullish on Carnival Corporation (CCL) as it has outperformed the S&P 500 by a wide margin of 1.11% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.31%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.28% in the last 1 week, and is up 1.5% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Carnival Corporation has dropped 6.15% during the last 3-month period . Year-to-Date the stock performance stands at -13.24%. The stock has recorded a 20-day Moving Average of 0.91% and the 50-Day Moving Average is 1.15%.
Carnival Corporation (NYSE:CCL): The stock opened at $46.45 on Friday but the bulls could not build on the opening and the stock topped out at $46.70 for the day. The stock traded down to $46.08 during the day, due to lack of any buying support eventually closed down at $46.63 with a loss of -0.30% for the day. The stock had closed at $46.77 on the previous day. The total traded volume was 3,132,476 shares.
Also, In the latest statement by the brokerage house, Goldman Sachs maintains its outlook on Carnival Corporation (NYSE:CCL). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $46.5 per share to $52 per share. The rating by the firm was issued on June 29, 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.