Shares of Carnival Corp. surged Monday, after Deutsche Bank analyst Chris Woronka made a short-term recommendation to buy, a week before the cruise operator reports fiscal first-quarter results.
Carnival’s stock CCL bounced 2.7% in midday trading, after closing at a 2 ½-month low on Friday. It outperformed its peers as shares of Norwegian Cruise Line Holdings Ltd. NCLH fell 0.7%, after news that its chief executive officer was stepping down, and shares of Royal Caribbean Group RCL edged up 0.6%.
The stock has rallied 8.9% year-to-date, but has tumbled 28% since closing at an eight-month high of $12.19 on Feb. 7. In comparison, the S&P 500 index SPX has tacked on 2.8% this year, but has dropped 5.2% since Feb. 7. Carnival reports results for its quarter through February before the market opens on March 27. The average estimates for analysts surveyed by FactSet are for per-share losses to narrow to 60 cents from $1.65 a year ago and for revenue to jump to $4.32 billion from $1.62 billion.
Sounds like a great opportunity to capitalize on!
Analysts and other big investors get insider info from companies since they talk to the management. How is trading/investing based on that legal? Huge corruption. ewarren SECGov fbi SenSanders POTUS USTreasury SenSchumer CNBC
I must have missed this reported surge.... Looks to be over already
Pump n dump?
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