Carnival (CCL) Stock Is Hitting New 52-Week Highs Today: What's Going On?
Portfolio Pulse from Erica Kollmann
Carnival Corporation (NYSE:CCL) shares have hit a new 52-week high, continuing the upward trend from June. The stock has gained over 20% in the past five trading sessions and over 57% in the past 30 days. This surge is attributed to several factors including earnings surpassing analyst consensus estimates, raised fiscal year 2023 guidance, and several upgrades and price target increases from analysts. CCL also has a significant short interest with 13.72% of available shares currently being sold short.
July 05, 2023 | 4:18 pm
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Carnival Corporation's stock has hit a new 52-week high, gaining over 20% in the past five trading sessions and over 57% in the past 30 days. This is due to earnings surpassing analyst consensus estimates, raised fiscal year 2023 guidance, and several upgrades and price target increases from analysts.
Carnival Corporation's stock is hitting new highs due to several positive factors. The company's earnings have surpassed analyst consensus estimates, which is a strong positive signal for investors. Additionally, the company has raised its fiscal year 2023 guidance, indicating confidence in its future performance. Several analysts have also upgraded the stock and increased their price targets, further boosting investor confidence. The high short interest could also be contributing to the stock's rise as short sellers cover their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100