Carnival Corporation & Plc (NYSE: CCL) has kicked off Monday’s session with strong performance as its stock surged +9.43% during the prre-market hours. COVID19 vaccine candidate news has excited the stock of Carnival Corporation.
Moderna Inc has disclosed today that its COVID-19 vaccine candidate, mRNA-1273 has shown 94.5% effectiveness. The news of the successful trial gave hope to Cruise Line industries as the companies are forced to halt operations because of the second wave of the novel coronavirus.
The cruise Line industry is among those industries which have experienced the bad impact of the ongoing pandemic and 2020 has been a tough year for the travel industry. The successful Phase III trial of Moderna Inc and the 90% efficacy level of Pfizer and BioNTech SE vaccine candidate send the stocks of Norwegian Cruise Line, Royal Caribbean Group soaring.
Carnival Corporation has earlier revealed that all of its operations were going to halt through December 2020. The Cruise Line industry has no surety that when they would be able to resume their operations again. The news of the vaccine doesn’t change that much, but it is a ray of hope for the companies which are struggling because of the COVID-19 that they will be able to restart their operations.
Carnival Corporation & Plc (CCL) has seen some recent action in the marketplace and its common shares are trading at $17.69. Investors are starting to take interest of CCL as the common shares traded as high as $18.00 and as low as $16.92 in the last trading session.
Carnival Corporation & Plc (CCL) average trading volume is 43.16M. However, in the last trading session Carnival Corporation & Plc (CCL) exchanged 78,047,579 shares. The First support level on CCL is $15.19 and the First upside resistance level on CCL is $24.91. CCL 50-day moving average is $14.77 and CCL 200day moving average is $15.60.
Carnival Corporation & Plc (CCL) most current performance has been specified by the recent movement in CCL common shares. CCL has performed 14.19% over the past 4 weeks, CCL has performed 9.06% over the past 3 months and CCL has shown -63.97% over the past 12 months. Carnival Corporation & Plc (CCL) has a 52 week range of $7.80 to $51.94. Carnival Corporation & Plc (CCL) is trading 127.50% from its 52 week low and -65.84% from its 52 week high. Carnival Corporation & Plc (CCL) is indicating a 15.19% short float indicating the amount short in the float.
CCL has 775.00M shares outstanding and 627.43M shares in the float. Carnival Corporation & Plc (CCL) at this time has a market cap of $12.97B and an income of -7590.00M. The EPS next quarter for CCL is -1.91 and the projected EPS next year is 46.50%. The market cap of Carnival Corporation & Plc (CCL) at $12.97B signifies how many Investors own shares of CCL and is calculated off the last price ($17.69) of CCL and the number of shares outstanding (775.00M) with Carnival Corporation & Plc (CCL).
Carnival Corporation & Plc (CCL) has aggregate cash (mrq) of 8.18B, aggregate cash per share (mrq) of 9.05, aggregate debt of CCL remains at 26.35B and aggregate debt/equity (mrq) is 135.12. . Carnival Corporation & Plc (CCL) operational cash flow (ttm) is -3.59B, CCL leveraged free cash flow (ttm) is -6.33B.
CCL is trading 21.42% above (bullish) its SMA20, 16.70% above (bullish) its SMA50 and -1.10% below (bearish) its SMA200.