Large Inflow of Money Detected in Carnival Corporation

Carnival Corporation (CCL): $1.02 million was the positive money flow into the stock on Tuesday and the up/down ratio of ticks was also in favor of the bulls at 2.24. The value of trades done on upticks was $1.85 million, whereas, trades done on downticks were valued at $0.82 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.95 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0.95 million. Carnival Corporation (CCL) fell $0.04 traded at $47.14, a change of -0.08% over the previous day. The stock is 0.08% for the week.


Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on Carnival Corporation (NYSE:CCL). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Goldman Sachs 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 has dropped 0.06% in the last five trading days, however, the shares have posted positive gains of 2.25% in the last 4 weeks. Carnival Corporation has dropped 0.6% during the last 3-month period . Year-to-Date the stock performance stands at -11.14%.

Carnival Corporation (NYSE:CCL): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.05 and $47.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.41, notching a gain of 0.49% for the day. The total traded volume was 2,694,391 . The stock had closed at $47.18 on the previous day.

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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