Large Outflow of Money Witnessed in Carnival Corporation

Carnival Corporation (CCL) traded higher in the last at $55.39, gaining 0.01 points or 0.02%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-3.03) million. The composite uptick value of $10.87 million was eclipsed by the accrued downtick value of $13.9 million, thereby ensuring the up/down ratio of 0.78. For the week, the shares have posted returns of -1.6%.A block trade registered during the day has revealed $0 million in upticks and $3.38 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-3.38) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Carnival Corporation has dropped 0.64% in the last five trading days, however, the shares have posted positive gains of 6.55% in the last 4 weeks. Carnival Corporation is up 13.75% in the last 3-month period. Year-to-Date the stock performance stands at 6.55%. Carnival Corporation (NYSE:CCL) rose 0.16% or 0.09 points on Wednesday and made its way into the gainers of the day. After trading began at $55.27 the stock was seen hitting $55.7 as a peak level and $55.025 as the lowest level. The stock ended up at $55.47. The daily volume was measured at 1,952,068 shares. The 52-week high of the share price is $57.79 and the 52-week low is $40.52. The company has a market cap of $41,706 million.

Company has reported several Insider transactions to the SEC, on Jan 20, 2017, Sir Jonathon Band (director) sold 6,276 shares at 53.47 per share price.On Jan 19, 2017, Arnaldo Perez (General Counsel & Secretary) sold 11,560 shares at 52.95 per share price.On Jan 19, 2017, Stein Kruse (CEO, Holland America Group) sold 24,084 shares at 52.95 per share price.

Carnival Corp Last issued its quarterly earnings results on Dec 20, 2016. The company reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.09. Analyst had a consensus of $0.58. The company had revenue of $3935.00 million for the quarter, compared to analysts expectations of $3923.20 million. The companys revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Carnival Corp was Downgraded by Berenberg to Hold on Dec 19, 2016. Carnival Corp was Upgraded by Bernstein to Outperform on Nov 23, 2016.

Carnival Corporation & plc is the largest cruise company in the world, with a portfolio of 10 cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia), P&O Cruises (UK) and Fathom.

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