Carnival Corporation (CCL) : Traders are bullish on Carnival Corporation (CCL) as it has outperformed the S&P 500 by a wide margin of 3.12% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.28%, 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 0.71% in the last 1 week, and is up 5.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Carnival Corporation (NYSE:CCL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.34 and $46.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.05, notching a gain of 1.93% for the day. The total traded volume was 2,566,263 . The stock had closed at $46.16 on the previous day.
The stock has recorded a 20-day Moving Average of 2.4% and the 50-Day Moving Average is 1.29%. Carnival Corporation has dropped 3.75% during the last 3-month period . Year-to-Date the stock performance stands at -12.46%.
Carnival Corporation (CCL) : The most positive equity analysts on Carnival Corporation (CCL) expects the shares to touch $60, whereas, the least positive believes that the stock will trade at $50 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $55.78 with an expected fluctuation of $3.19 from the mean.
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.