Carnival Corp (NYSE: CCL) Loses -2.73% From High. Why That Could Change?

Currently, there are 1.12B common shares owned by the public and among those 998.28M shares have been available to trade.

The company’s stock has a 5-day price change of 2.43% and 50.00% over the past three months. CCL shares are trading 34.30% year to date (YTD), with the 12-month market performance up to 72.08% higher. It has a 12-month low price of $13.78 and touched a high of $25.60 over the same period. CCL has an average intraday trading volume of 27.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.12%, 17.72%, and 44.20% respectively.

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Institutional ownership of Carnival Corp (NYSE: CCL) shares accounts for 56.39% of the company’s 1.12B shares outstanding.

It has a market capitalization of $30.64B and a beta (3y monthly) value of 2.68. The stock’s trailing 12-month PE ratio is 22.17, while the earnings-per-share (ttm) stands at $1.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.24% over the week and 3.01% over the month.

Looking at the support for the CCL, a number of firms have released research notes about the stock. Mizuho stated their Buy rating for the stock in a research note on March 26, 2024, with the firm’s price target at $21. Goldman coverage for the Carnival Corp (CCL) stock in a research note released on March 13, 2024 offered a Buy rating with a price target of $20. Wells Fargo was of a view on January 05, 2024 that the stock is Overweight, while Citigroup gave the stock Buy rating on November 21, 2023, issuing a price target of $18. William Blair on their part issued Outperform rating on October 02, 2023.

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