Looking At Carnival's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in Carnival (NYSE:CCL) indicates a bearish sentiment among deep-pocketed investors, with a notable division in sentiment (42% bullish, 57% bearish). The activity includes 14 extraordinary options trades, with a price target window from $15.0 to $24.0. Current trading volume is 9,691,321, with a slight price decrease of -0.24%, and the stock price at $16.33. An analyst from Stifel maintains a Buy rating with a target price of $26. Carnival is the largest global cruise company, having rebounded to its pre-COVID guest levels in 2023.
March 11, 2024 | 4:01 pm
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NEUTRAL IMPACT
Carnival has seen unusual options activity indicating a bearish sentiment among investors, despite a Buy rating from Stifel with a $26 target price. The stock is slightly down with a current price of $16.33.
The bearish sentiment from the options activity could put short-term pressure on CCL's stock price. However, the analyst's bullish stance and the company's recovery to pre-COVID guest levels suggest underlying strength. The mixed signals make the short-term impact neutral, but with a cautious outlook due to the bearish options sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100