Carnival Corporation & Plc (CCL - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $13.78 to $17.21 in the past one-month time frame.
The move came after the company announced plans to resume sailing operations with Costa Cruises.
The company has seen five negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Carnival currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Investors interested in the Leisure and Recreation Services industry may consider Twin River Worldwide Holdings, Inc. (TRWH - Free Report) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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