CCL Stock Summary and Trading Ideas (Carnival | NYSE:CCL)

Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.

Carnival trades on the NYSE stock market under the symbol CCL.

As of July 3, 2024, CCL stock price declined to $17.45 with 13,259,414 million shares trading.

CCL has a beta of 1.82, meaning it tends to be more sensitive to market movements. CCL has a correlation of 0.20 to the broad based SPY ETF.

CCL has a market cap of $22.86 billion. This is considered a Large Cap stock.

Last quarter Carnival reported $6 billion in Revenue and $.11 earnings per share. This beat revenue expectation by $101 million and exceeded earnings estimates by $.13.

In the last 3 years, CCL stock traded as high as $27.39 and as low as $6.11.

The top ETF exchange traded funds that CCL belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

CCL stock has underperformed the market in the last year with a return of -7.3%, while SPY returned +25.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CCL shares. However, CCL has outperformed the market in the last 3 month and 2 week periods, returning +12.7% and +9.4%, while SPY returned +6.6% and +0.9%, respectively. This indicates CCL has been having a stronger performance recently.

CCL support price is $17.08 and resistance is $18.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CCL stock will trade within this expected range on the day.