Carnival Corporation Announces Director Stock Transactions

The latest announcement is out from Carnival ( (GB:CCL) ).

Carnival Corporation & plc announced the vesting of time-based restricted stock units (TBS RSUs) for Director Josh Weinstein. The transaction involved the vesting of 56,039 common stock shares with a nominal value of $0.01 per share, which were granted on April 8, 2024. Additionally, 22,052 shares were withheld by the company to cover taxes associated with the TBS RSUs. These transactions, conducted off-market, reflect internal financial management and compensation practices, potentially impacting the company’s stock management and tax strategies.

Spark’s Take on GB:CCL Stock

According to Spark, TipRanks’ AI Analyst, GB:CCL is a Neutral.

Carnival’s stock score is bolstered by strong financial recovery and a positive outlook from the latest earnings call. The company’s ability to generate cash flow and manage debt is a significant strength, although high leverage remains a concern. Technical indicators suggest caution due to bearish trends, but favorable valuation metrics provide balance.

To see Spark’s full report on GB:CCL stock, click here.

More about Carnival

Carnival Corporation & plc operates in the cruise industry, offering cruise vacations to various destinations worldwide. The company is known for its fleet of ships and diverse itineraries, catering to a wide range of travelers.

YTD Price Performance: -29.22%

Average Trading Volume: 729,791

Technical Sentiment Signal: Buy

Current Market Cap: £17.42B

For a thorough assessment of CCL stock, go to TipRanks’ Stock Analysis page.