Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>CCL stock price has shown increased bears’ activity in the last 1 month.</a> </li> 
 <li> <span>2</span> <a>The downward market trend took Carnival stock price below its 50-day EMA.</a> </li> 
</ul> 
<p>Carnival (CCL) stock price is experiencing increased activity that took its RSI near the oversold zone. In a month, CCL stock dropped more than 8% however in the last 6 months the stock price rose over 42%. It must be noted that in late June 2023, Carnival Corp. reported its Q2 2023 report after which its stock mostly experienced bears’ dominance.</p> 
<h2 class="wp-block-heading" id="strong-ccl-stock-price-s-sliding-journey-strong"><strong>CCL Stock Price’s Sliding Journey</strong></h2> 
<p>CCL stock price slides from its 20 and 50-day EMA due to the recent downside market trend. This recent trend also took its RSI to move downside with over 16 Million of volume activity in the recent 1 day. CCL stock price dropped 0.57% in the September 3, 2023 trading session.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/xZtDNw0-8fJEa17aXkmGmG0Lz3pA6Sgpa3cCv7MitLw77ZqK29gZcXpqaR9UJ7G5xJT9LrzMzFQ2y8naQTZ0J71-2EYzf2TANx8QJhjoZf0TWwnO53wF9uRWjL3Zrvy_MOx5-j_6hXZq4w6h7jpVUN4" alt="CCL Stock: Will Carnival Stock Price Keep Sliding This Week?"> 
  <figcaption class="wp-element-caption"> <strong>Source: CCL/USD by </strong><a href="https://www.tradingview.com/x/FWXEtyOR/" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>The recent closing price of CCL stock was stuck in between its 50 and 100-day EMA. If the downward trend stays during upcoming days then bears will try to take CCL <a href="https://www.thecoinrepublic.com/2023/09/02/aptv-stock-price-showed-bullish-market-trend-this-week/" rel="noopener noreferrer nofollow">stock </a>price near its 100-day EMA. As per recent trading performance, bulls’ trading activity is dominated by active bears in the market.</p> 
<p>However, increased bulls’ activity can be expected during the upcoming trading session. As of this month’s end, Carnival Corp. may report its next quarterly report thus an upside trend with increased bulls’ support can be expected.</p> 
<p>Moreover, the analysts have set a 1-year price target at $17.49, up more than 11% from the recent closing price of CCL stock. The maximum estimate for the stock is resting at $25.00 whereas the maximum estimate is $7.00. Also, in the past 3 months, analysts have given a “buy” rating to CCL share.</p> 
<h3 class="wp-block-heading" id="strong-the-financial-update-of-carnival-corp-strong"><strong>The Financial Update of Carnival Corp.</strong></h3> 
<p>Carnival Corporation (NYSE: CCL), a U.S.-based tour operator company, has a market cap of nearly $19.66 Billion. In June 2023, the company reported its Q2 2023 report that stated its net income was negative $407.00 Million.</p> 
<p>The second quarter report further states that CCL earnings per <a href="https://www.thecoinrepublic.com/2023/09/01/dg-stock-dollar-general-share-drops-after-recent-quarter-result/" rel="noopener noreferrer nofollow">share </a>(EPS) is negative $0.31 whereas the estimation was negative $0.34 showing a 7.74% surprise. The revenue of the same quarter reached $4.91 Billion despite the estimated figure of $4.79 Billion.</p> 
<p>For the upcoming Q3 2023, the estimated EPS is $0.77 while the revenue is expected to reach $6.70 Billion. Additionally, last year the revenue of Carnival Corporation reached $12.17 Billion out of which $8.28 Billion came from its highest-performing continents at the moment, North America and Australia.</p> 
<p>According to Yahoo Finance, nearly 51% of Carnival Corp. shares are held by institutions. Vanguard Group Inc. and Blackrock Inc. are two leading institutional holders of CCL stock.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

CCL Stock: Will Carnival Stock Price Keep Sliding This Week?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 4, 2023

Gitcoin’s GTC Defies Bear Market with 40% Explosion – What’s Behind the Surge?

99% Nigerians 'Aware' About Crypto, 90% Ready to 'Invest'

Rare Bitcoin (BTC) Correlation Revealed by Bloomberg's Mike McGlone

Binance's Product Head Kamat Resigns Amidst Executive Exodus

Shiba Inu's Shibarium Hits Multi-Million Milestone in Record Time

Crypto Market Rally Delayed, Regulatory News to Blame

Join our free newsletter for daily crypto updates!