Where Will Carnival Corp (CCL) Stock Go Next After It Is Lower By 7.97% in a Week?

Overall market sentiment has been down on Carnival Corp (CCL) stock lately. CCL receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Carnival Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CCL!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With CCL Stock Today?

Carnival Corp (CCL) stock is lower by -3.2% while the S&P 500 has gained 0.68% as of 1:21 PM on Tuesday, Oct 19. CCL is down -$0.74 from the previous closing price of $23.13 on volume of 34,381,791 shares. Over the past year the S&P 500 is higher by 31.81% while CCL has gained 58.23%. CCL lost -$8.55 per share in the over the last 12 months.

More About Carnival Corp

Carnival is the largest global cruise company, set to deploy 52 ships on the seas by the end of fiscal 2021 as the COVID-19 pandemic wanes. 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. Click Here to get the full Stock Report for Carnival Corp stock.