Carnival Corporation (CCL) has been under a strong bear grip, hence the stock is down -9.18% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.3% in the past 1 week. The stock has risen by 1.8% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.21% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 1.24% and the 50-Day Moving Average is 4.65%.
Carnival Corporation (NYSE:CCL): The stock opened at $45.78 on Friday but the bulls could not build on the opening and the stock topped out at $45.80 for the day. The stock traded down to $44.75 during the day, due to lack of any buying support eventually closed down at $45.32 with a loss of -2.16% for the day. The stock had closed at $46.32 on the previous day. The total traded volume was 6,204,287 shares.
The company Insiders own 22% of Carnival Corporation shares according to the proxy statements. Institutional Investors own 81.5% of Carnival Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.28%. In a related news,The director of Carnival Corp, Glasier Richard sold 10,000 shares at $52.43 on April 1, 2016. The Insider selling transaction had a total value worth of $524,300. The Insider information was disclosed with 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.