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Carnival (NYSE:CCL) major shareholder Micky Meir Arison sold 961,717 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $40.24, for a total transaction of $38,699,492.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Carnival (NYSE:CCL) traded up 0.82% on Monday, hitting $40.58. The stock had a trading volume of 1,995,805 shares. Carnival has a 1-year low of $31.44 and a 1-year high of $41.89. The stock has a 50-day moving average of $39.08 and a 200-day moving average of $38.7. The company has a market cap of $31.531 billion and a P/E ratio of 30.47.

A number of analysts have recently weighed in on CCL shares. Analysts at Morgan Stanley upgraded shares of Carnival from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 20th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Carnival in a research note on Friday, May 2nd. They now have a $41.00 price target on the stock. Finally, analysts at Berenberg Bank initiated coverage on shares of Carnival in a research note on Tuesday, April 29th. They set a “buy” rating and a $50.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.04.

Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).

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