Carnival's (CCL, $10.57) third largest stockholder is Saudi Public Investment Fund, at 8.2% stake
The Saudi sovereign investment fund has 8.2% stake in Carnival Corp.
The cruise line now has Saudi Public Investment Fund as its third largest stakeholder. The investment fund's stake in the company is valued at nearly $370 million.
The fund did not own any Carnival share as of its fourth-quarter SEC filing.
Recently, Carnival increased its dollar-bond offering to $4 billion from $3 billion, while reducing its interest rate for the bonds to about 12% from 12.5%. This corresponds to the company’s decision to drop a euro-denominated tranche (according to Bloomberg citing sources familiar with the matter).
CCL sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for CCL moved above the 200-day moving average on June 25, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
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Notable companies
The most notable companies in this group are Booking Holdings (NASDAQ:BKNG), Royal Caribbean Group (NYSE:RCL), Trip.com Group Limited (NASDAQ:TCOM), Carnival Corp (NYSE:CCL), Expedia Group (NASDAQ:EXPE), WW International (NASDAQ:WW).
Industry description
Other consumer services include companies that provide consumer services, and are not classified elsewhere. Travel fare aggregators, hotel bookings, consumer-to-consumer or business-to-business sales platforms are some examples of services that can be clubbed into this category. Many of such services have expanded online. Booking Holdings Inc, The Priceline Group Inc, and eBay Inc. are some major operators in this segment.
Market Cap
The average market capitalization across the Other Consumer Services Industry is 8.77B. The market cap for tickers in the group ranges from 158.6K to 121.92B. BKNG holds the highest valuation in this group at 121.92B. The lowest valued company is PRXIQ at 158.6K.
High and low price notable news
The average weekly price growth across all stocks in the Other Consumer Services Industry was -2%. For the same Industry, the average monthly price growth was 9%, and the average quarterly price growth was 4%. RGS experienced the highest price growth at 50%, while IVP experienced the biggest fall at -55%.
Volume
The average weekly volume growth across all stocks in the Other Consumer Services Industry was 43%. For the same stocks of the Industry, the average monthly volume growth was -54% and the average quarterly volume growth was 4%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 59
P/E Growth Rating: 77
Price Growth Rating: 55
SMR Rating: 71
Profit Risk Rating: 88
Seasonality Score: 7 (-100 ... +100)