Unpacking the Latest Options Trading Trends in Carnival
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Carnival (NYSE:CCL) indicates a bearish sentiment among big-money investors, with a notable split between bullish (31%) and bearish (68%) trades. Benzinga's options scanner revealed 19 unusual options trades, with a focus on a price range between $10.0 and $20.0 for CCL. The trading volume and open interest analysis suggest increased investor interest in this range. Carnival, the largest global cruise company, has seen its stock price slightly increase by 0.26% to $15.35, with an upcoming earnings report in 42 days. An analyst from Truist Securities maintains a Hold rating with an $18 price target.
February 12, 2024 | 8:46 pm
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Carnival's recent options trading activity suggests a bearish sentiment among investors, with a focus on a $10-$20 price range. The stock has seen a minor increase to $15.35, with an analyst maintaining a Hold rating and an $18 price target.
The bearish sentiment from big-money investors, as indicated by the options trading activity, suggests potential downward pressure on CCL's stock price in the short term. However, the slight increase in stock price and the Hold rating from an analyst with an $18 price target provide a mixed outlook, leading to a bearish score with high relevance and importance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100