Carnival Corporation & plc [CUK] moved down -13.71: Why It’s Important


Carnival Corporation & plc [NYSE: CUK] loss -13.71% on the last trading session, reaching $8.12 price per share at the time. The company report on June 29, 2022 that SEABOURN TAKES DELIVERY OF SEABOURN VENTURE, THE LINE’S FIRST PURPOSE-BUILT ULTRA-LUXURY EXPEDITION SHIP.

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Seabourn, the ultra-luxury ocean and expedition cruise line, took delivery of its first expedition ship, Seabourn Venture, today during an official handover maritime ceremony at the T. Mariotti shipyard in Genoa, Italy. Seabourn Venture is the first of the line’s two purpose-built, ultra-luxury expedition ships and the newest expedition ship in the industry.

Seabourn takes delivery of Seabourn Venture, the line’s first new purpose-built, ultra-luxury expedition ship.

Carnival Corporation & plc represents 1.14 billion in outstanding shares, while the company has a total market value of $8.89 billion with the latest information. CUK stock price has been found in the range of $7.88 to $8.69.

If compared to the average trading volume of 2.98M shares, CUK reached a trading volume of 5900753 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Carnival Corporation & plc [CUK]:

Berenberg have made an estimate for Carnival Corporation & plc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 14, 2021. The new note on the price target was released on March 02, 2021, representing the official price target for Carnival Corporation & plc stock.

The Average True Range (ATR) for Carnival Corporation & plc is set at 0.79, with the Price to Sales ratio for CUK stock in the period of the last 12 months amounting to 2.54. The Price to Book ratio for the last quarter was 0.90.

Trading performance analysis for CUK stock

Carnival Corporation & plc [CUK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.31. With this latest performance, CUK shares dropped by -37.25% in over the last four-week period, additionally sinking by -57.80% over the last 6 months – not to mention a drop of -64.34% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CUK stock in for the last two-week period is set at 32.47, with the RSI for the last a single of trading hit 31.31, and the three-weeks RSI is set at 33.50 for Carnival Corporation & plc [CUK]. The present Moving Average for the last 50 days of trading for this stock 12.72, while it was recorded at 9.15 for the last single week of trading, and 17.68 for the last 200 days.

Carnival Corporation & plc [CUK]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CUK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Carnival Corporation & plc go to 13.40%.

An analysis of insider ownership at Carnival Corporation & plc [CUK]

There are presently around $247 million, or 17.10% of CUK stock, in the hands of institutional investors. The top three institutional holders of CUK stocks are: ARISTEIA CAPITAL LLC with ownership of 9,995,459, which is approximately -1.43% of the company’s market cap and around 0.10% of the total institutional ownership; JPMORGAN CHASE & CO, holding 1,988,812 shares of the stock with an approximate value of $18.71 million in CUK stocks shares; and TWO SIGMA INVESTMENTS, LP, currently with $16.78 million in CUK stock with ownership of nearly 18.283% of the company’s market capitalization.

Positions in Carnival Corporation & plc stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 39 institutional holders increased their position in Carnival Corporation & plc [NYSE:CUK] by around 3,447,746 shares. Additionally, 47 investors decreased positions by around 2,635,227 shares, while 20 investors held positions by with 20,212,181 shares. The mentioned changes placed institutional holdings at 26,295,154 shares, according to the latest SEC report filing. CUK stock had 18 new institutional investments in for a total of 1,130,334 shares, while 14 institutional investors sold positions of 1,058,754 shares during the same period.