Looking At Carnival's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Carnival Corporation (NYSE:CCL) has seen unusual options activity, with a large bearish position being taken. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The price of CCL is down -2.57% at $18.72. Truist Securities downgraded its action to Sell with a price target of $11, while Citigroup and B of A Securities maintain their Buy rating with a price target of $18 and $20 respectively. Deutsche Bank maintains their Hold rating with a price target of $15.
July 06, 2023 | 6:02 pm
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Carnival Corporation has seen unusual options activity, indicating potential volatility in the short term. The stock price is down, and analyst ratings are mixed, suggesting uncertainty in the market.
The unusual options activity, particularly the large bearish position, suggests that some investors are expecting the stock price to decrease. This, combined with the mixed analyst ratings, indicates potential volatility and uncertainty for the stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100