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Carnival Corporation & plc (CUK) Shares Down Despite Recent Market Volatility

Carnival Corporation & plc (NYSE: CUK)’s stock price has decreased by -4.45 compared to its previous closing price of 8.32. Despite this, the company has seen a fall of -17.19% in its stock price over the last five trading days.

Is It Worth Investing in Carnival Corporation & plc (NYSE: CUK) Right Now?

The 36-month beta value for CUK is also noteworthy at 2.28.

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The public float for CUK is 144.02M, and at present, short sellers hold a 3.61% of that float. The average trading volume of CUK on March 16, 2023 was 1.80M shares.

CUK’s Market Performance

CUK stock saw a decrease of -17.19% in the past week, with a monthly decline of -24.21% and a quarterly a decrease of -1.73%. The volatility ratio for the week is 5.56%, and the volatility levels for the last 30 days are 4.12% for Carnival Corporation & plc (CUK). The simple moving average for the last 20 days is -18.50% for CUK stock, with a simple moving average of -9.75% for the last 200 days.

CUK Trading at -16.94% from the 50-Day Moving Average

After a stumble in the market that brought CUK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -59.27% of loss for the given period.

Volatility was left at 4.12%, however, over the last 30 days, the volatility rate increased by 5.56%, as shares sank -25.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.57% upper at present.

During the last 5 trading sessions, CUK fell by -17.19%, which changed the moving average for the period of 200-days by -35.26% in comparison to the 20-day moving average, which settled at $9.62. In addition, Carnival Corporation & plc saw 10.57% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CUK starting from Bernstein David, who sale 107,119 shares at the price of $11.08 back on Feb 21. After this action, Bernstein David now owns 286,041 shares of Carnival Corporation & plc, valued at $1,186,696 using the latest closing price.

WEISENBURGER RANDALL J, the Director of Carnival Corporation & plc, purchase 100,000 shares at $11.76 during a trade that took place back on May 25, which means that WEISENBURGER RANDALL J is holding 870,950 shares at $1,175,500 based on the most recent closing price.

Stock Fundamentals for CUK

Equity return is now at value -71.70, with -11.60 for asset returns.

Conclusion

In summary, Carnival Corporation & plc (CUK) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.