The market has been high on Carnival Corp (CCL) stock recently. CCL gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Carnival Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CCL!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With CCL Stock Today?
Carnival Corp (CCL) stock is trading at $9.57 as of 10:49 AM on Wednesday, Aug 3, an increase of $0.22, or 2.35% from the previous closing price of $9.35. The stock has traded between $9.47 and $9.78 so far today. Volume today is less active than usual. So far 13,098,833 shares have traded compared to average volume of 61,928,282 shares.
More About Carnival Corp
Carnival is the largest global cruise company, with 91 ships in its fleet at the end of fiscal 2021, with all of its capacity set to be redeployed in 2022. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia. Carnival also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted about 13 million guests in 2019, prior to COVID-19.
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