Market Whales and Their Recent Bets on CCL Options
Portfolio Pulse from Benzinga Insights
High-rolling investors have positioned themselves bearish on Carnival (NYSE:CCL), with 70% of the options trades being bearish. The stock is currently trading at $18.59, up by 1.22%, but RSI readings suggest it may be overbought. Analysts have mixed ratings with price targets ranging from $17 to $22.
June 27, 2024 | 2:32 pm
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High-rolling investors have positioned themselves bearish on Carnival (NYSE:CCL), with 70% of the options trades being bearish. The stock is currently trading at $18.59, up by 1.22%, but RSI readings suggest it may be overbought. Analysts have mixed ratings with price targets ranging from $17 to $22.
The significant bearish sentiment among high-rolling investors, as indicated by the options trades, suggests a potential short-term decline in CCL's stock price. The RSI readings indicating overbought conditions further support this outlook. However, mixed analyst ratings provide some counterbalance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100