Smart Money Is Betting Big In CCL Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish trend in Carnival (NYSE:CCL) options, with 56% bearish trades. The options activity suggests a target price range of $12.0 to $25.0 for CCL. Notable trades include a mix of bullish and bearish sentiments across various expiration dates and strike prices. Carnival, the largest global cruise company, has seen its stock price decrease by -0.56% to $16.1, with analysts giving an average target price of $23.0. The next earnings report is expected in 8 days.
March 19, 2024 | 6:46 pm
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Carnival has seen a bearish trend in options trading, with a significant portion of trades predicting a price range of $12.0 to $25.0. The stock is currently down, and analysts have set an average target price of $23.0.
The bearish sentiment in options trading, combined with the current stock price decrease and the upcoming earnings report, suggests a potential short-term negative impact on CCL's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100