Carnival (NYSE:CCL) 주식

Carnival

Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted 14 million guests in 2024.

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크루즈 관련 주식인 카니발 코퍼레이션(NYSE:CCL), 로얄 캐리비안 (NYSE:RCL), 노르웨이지안 크루즈 라인(NYSE:NCLH) 주가는 목요일(20일) 하락했다. 하워드 러트닉 상무부 장관은 인터뷰에서 이들 크루즈 회사가 미국 세금을 납부해야 할 것이라고 언급했기 때문이다.

크루즈 주식, 트럼프 행정부의 세금 단속 우려로 하락

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미국 주식시장은 중국 스타트업 딥시크(DeepSeek)가 오픈AI의 챗GPT보다 더 효율적이고 비용 효율적인 인공지능(AI) 플랫폼을 출시했다는 발표로 월스트리트에서 급격한 매도세가 발생한 후, 단 네 번의 거래로 대부분의 손실을 회복했다.

이번 주 시장 동향: 월가는 딥시크 손실을 줄이고, 트럼프가 캐나다·멕시코에 25% 관세 부과

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카니발 코퍼레이션(NYSE:CCL)은 12월 20일 금요일 개장 전에 4분기 재무 실적을 발표할 예정이다.애널리스트들은 플로리다주 마이애미에 본사를 카니발의 주당순이익 7센트를 예상하고 있으며 전년 동기의 주당순손실 7센트보다 개선된 수치다.

4분기 실적 발표 앞둔 카니발, 최근 애널리스트 투자의견 변동은?

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Shares of cruise line stocks are trading lower after Commerce Secretary Howard Lutnick recently suggested in an interview that those companies will have to start paying U.S. taxes.

Cruise stocks such as Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), Royal Caribbean Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) and Norwegian Cruise Line (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) are <a href="https://www.benzinga.com/topic/cruise-stocks">trading lower on Thursday</a>.
Commerce Secretary Howard Lutnick suggested in an interview that the companies will have to start <a href="https://www.benzinga.com/personal-finance/25/02/43858129/as-trump-pushes-for-reciprocal-tariffs-vietnam-looks-to-increase-us-farm-product-imports-to-ease-trade-risks">paying U.S. taxes.</a>
What To Know: Lutnick&#8217;s remarks, made in an interview on <a href="https://www.nbcphiladelphia.com/news/business/money-report/cruise-stocks-tumble-after-commerce-secretary-lutnick-signals-tax-crackdown/4114422/">Fox News,</a> centered on the fact that many cruise ships are not paying U.S. taxes despite operating in U.S. waters. He pointed out that the cruise industry is exempt from paying taxes on foreign operations, including the sale of alcohol on board, and warned that this situation could change under the Trump administration. 
Despite the decline in share prices, analysts at Stifel Financial have described the market reaction as an overreaction. They highlighted that similar concerns have been raised multiple times in the past without leading to any significant policy changes. 
The cruise industry has long been classified under the cargo industry by the IRS, making any changes to the tax structure difficult to implement. Furthermore, analysts suggested that the cruise industry could move its corporate headquarters abroad to avoid potential tax implications.
While concerns about potential tax changes continue to affect the cruise stock sector, analysts are advising investors to view the current slump as an opportunity to buy into companies like Carnival, Royal Caribbean, and Norwegian. The cruise industry remains highly resilient and its tax structure remains largely unaffected by past political discussions on the matter.
Price Action: At the time of writing,<a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2"> Benzinga Pro</a> shows:
<ul>
<li>Carnival were down 5.85% at $24.56</li>
<li>Royal Caribbean Cruise were down 7.62% at $243.89, and </li>
<li>Norwegian Cruise Line Holdings were down 4.89% at $25.68. </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43863723/walmart-earnings-outlook-wmt-stock-discount-long-trade">Options Corner: Walmart&#8217;s Best Rollback Could Be For Its Own Shares</a></li>
</ul>
Image via Norwegian Cruise Line.

Cruise Stocks Drop Amid U.S. Tax Crackdown Concerns: What's Going On?

Macro Economic Events

Market Summary

Economics

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Benzinga Market Summary: S&P Falls On Weak Walmart Guidance, Cruise Stocks Fall After Commerce Secretary Lutnick Suggests US Tax Crackdown

Shares of cruise line stocks are trading lower after Commerce Secretary Howard Lutnick suggested in an interview that those companies will have to start paying U.S. taxes.

Stocks tumbled Thursday, with all major indices in the red, one day after the S&amp;P 500 notched another all-time high in Wednesday&#8217;s trading session. Investors are weighing uncertainty surrounding tariff policies and disappointing guidance from Walmart while digesting new<a href="https://www.benzinga.com/markets/forex/25/02/43843332/global-markets-mixed-dollar-dips-as-traders-react-to-trumps-tariff-plans-global-markets-today-while-us-slept"> initial jobless claims data.</a>
Mega-retailer Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>)&#8217;s shares dropped after the company issued fiscal 2026 guidance below analyst expectations, despite fourth-quarter results beating expectations.
Retail investor darling Palantir Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) added to Wednesday&#8217;s declines <a href="https://www.benzinga.com/25/02/43849289/whats-going-on-with-palantir-stock-thursday">following a report </a>that the Trump administration told the Pentagon to prepare for sweeping budget cuts and CEO Alex Karp filed a new trading plan to sell up to $1.2 billion shares.
Read Next:<a href="https://www.benzinga.com/25/02/43836832/trump-administration-orders-sweeping-pentagon-cuts-defense-sector-stocks-on-watch"> Trump Administration Orders Sweeping Pentagon Cuts: Palantir, Lockheed Martin, General Dynamics Among Stocks On Watch</a>
Initial jobless claims rose by 5,000 to 219,000, above expectations of 215,000, while continuing claims rose to 186,900 in the first week of February.
WTI crude oil futures rose above $72 per barrel on Thursday, extending its streak of gains to four days as supply concerns outweighed a rise in U.S. stockpiles, according to TradingEconomics. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 1.09% to $97,695. The yield on the 10-year US Treasury note pulled back slightly to 4.5%.
<h2 class="wp-block-heading">Thursday's Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1 day % chg.</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,911.27</td>
<td>-0.72%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,101.27 </td>
<td>-0.7%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,036.44</td>
<td>-1.32%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,252.49</td>
<td>-1.31%</td>
</tr>
</tbody>
</table>
</figure>
According to Benzinga Pro data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.67% to $608.82. </li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) was down 1.26% at $441.02</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.7% to $535.72. </li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) was down 1.17% to $223.79. </li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) fell 1.39% to $223.10.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)&nbsp;rose 0.6% to $92.57. </li>
</ul>
<h2 class="wp-block-heading">Thursday's Stock Movers:&nbsp;</h2>
Cruise stocks Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) and Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCHL#NYSE">NCHL</a>) tumbled, leading consumer discretionary stocks lower. The SPDR Select Sector Fund &#8211; Consumer Discretionary (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) fell 1.44%. 
Stocks reacting to company earnings reports included:&nbsp;
<ul>
<li>Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>)&nbsp;</li>
<li>Vale S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>)&nbsp;</li>
<li>B2Gold Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BTG#AMEX">BTG</a>)</li>
<li>Exact Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>)</li>
<li>Alamos Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>)</li>
<li>Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) </li>
<li>Taseko Mines, Ltd. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TGB#AMEX">TGB</a>)&nbsp;</li>
<li>Shake Shack, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) </li>
<li>Materialise NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTLS#NASDAQ">MTLS</a>) </li>
<li>Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) </li>
<li>Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) </li>
<li>Jumia Technologies AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) </li>
<li>Birkenstock Holding Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) </li>
<li>Sabre Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SABR#NASDAQ">SABR</a>) </li>
<li>Ardelyx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARDX#NASDAQ">ARDX</a>) </li>
</ul>
Companies reporting after Thursday's closing bell include:&nbsp;
<ul>
<li>Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) </li>
<li>Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>) </li>
<li>Iamgold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) </li>
<li>The RealReal, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) </li>
<li>Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) </li>
<li>Consolidated Edison, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) </li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) </li>
<li>Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) </li>
<li>Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) </li>
<li>MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) </li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43703014/robert-f-kennedy-confirmed-as-trump-secretary-of-health">Robert F. Kennedy, Vaccine Skeptic, Confirmed As Trump&#8217;s Secretary Of Health: Health Care Stocks To Watch</a></li>
</ul>
Image: Shutterstock.

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Palantir Rally Loses Steam, Walmart Outlook Disappoints: What's Driving Markets Thursday?

Investors with a lot of money to spend have taken a bearish stance on Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CCL, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 17 uncommon options trades for Carnival.
This isn't normal.
The overall sentiment of these big-money traders is split between 23% bullish and 70%, bearish.
Out of all of the special options we uncovered, 10 are puts, for a total amount of $555,266, and 7 are calls, for a total amount of $368,094.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $18.0 and $35.0 for Carnival, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Carnival's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Carnival's whale activity within a strike price range from $18.0 to $35.0 in the last 30 days. 
<h3>Carnival Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740065433_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$0.4</td>
<td>$0.35</td>
<td>$0.35</td>
<td>$25.50</td>
<td>$153.1K</td>
<td>3.4K</td>
<td>594</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$0.68</td>
<td>$0.6</td>
<td>$0.6</td>
<td>$26.00</td>
<td>$91.8K</td>
<td>3.3K</td>
<td>2.0K</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$0.66</td>
<td>$0.62</td>
<td>$0.62</td>
<td>$26.00</td>
<td>$91.1K</td>
<td>3.3K</td>
<td>5.0K</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$1.61</td>
<td>$1.47</td>
<td>$1.47</td>
<td>$25.00</td>
<td>$64.3K</td>
<td>3.5K</td>
<td>4.7K</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$1.75</td>
<td>$1.74</td>
<td>$1.75</td>
<td>$20.00</td>
<td>$60.0K</td>
<td>5.2K</td>
<td>345</td>
</tr>
</tbody>
</table>

<h3>About Carnival</h3>
Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&amp;O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted 14 million guests in 2024.
In light of the recent options history for Carnival, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Carnival</h3>
<ul>
<li>Trading volume stands at 16,171,776, with CCL's price down by -8.36%, positioned at $23.91.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 34 days.</li>
</ul>
<h3>Professional Analyst Ratings for Carnival</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $27.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Loop Capital lowers its rating to Hold with a new price target of $25. 
&#x2A; Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for Carnival, targeting a price of $30. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Carnival, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Options

What the Options Market Tells Us About Carnival

Proceeds from the offering of senior unsecured notes to be used to redeem $1.0 billion 10.500% senior unsecured notes due 2030&nbsp;

Reported Earlier, Carnival Corporation Prices $1B Debt Offering At 5.750%, Enhancing Financial Flexibility

Offerings

Carnival Commences Private Offering Of New Senior Unsecured notes In an Aggregate Principal Amount Of $1B

ACHC

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Viking Global Investors' Latest 13F Filing Reveals Dissolved Stakes In Apple By 4.86M Shares, Workday By 3.27M Shares, Las Vegas Sands By 8.67M Shares, McDonald's By 1.12M Shares, Vertiv Holdings By 2.81M Shares, Acadia Healthcare By 3.70M Shares, CBRE Group By 1.57M Shares, Carnival By 9.56M Shares, Freeport-McMoRan By 3.14M Shares, Eli Lilly By 152K Shares, 3M By 840.75K Shares, Ameriprise Financial By 243.06K Shares, Tesla By 436.27K Shares, Rogers Communications By 2.70M Shares

Financial giants have made a conspicuous bullish move on Carnival. Our analysis of options history for Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) revealed 9 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $265,637, and 3 were calls, valued at $150,137.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $19.0 to $27.0 for Carnival over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Carnival's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Carnival's substantial trades, within a strike price spectrum from $19.0 to $27.0 over the preceding 30 days.
<h3>Carnival Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739294149_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/07/25</td>
<td>$1.36</td>
<td>$0.86</td>
<td>$1.15</td>
<td>$26.00</td>
<td>$110.0K</td>
<td>1.0K</td>
<td align="right">0</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$6.1</td>
<td>$5.95</td>
<td>$6.1</td>
<td>$27.00</td>
<td>$79.2K</td>
<td>2.8K</td>
<td align="right">130</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$3.8</td>
<td>$3.75</td>
<td>$3.75</td>
<td>$27.00</td>
<td>$39.0K</td>
<td>2.7K</td>
<td align="right">128</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$6.1</td>
<td>$5.95</td>
<td>$6.1</td>
<td>$27.00</td>
<td>$36.6K</td>
<td>2.8K</td>
<td align="right">259</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$6.9</td>
<td>$6.85</td>
<td>$6.85</td>
<td>$19.00</td>
<td>$34.2K</td>
<td>1.5K</td>
<td align="right">50</td>
</tr>
</tbody>
</table>

<h3>About Carnival</h3>
Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&amp;O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted 14 million guests in 2024.
In light of the recent options history for Carnival, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Carnival's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 5,544,362, the CCL's price is down by -2.11%, now at $25.55. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 43 days.</li>
</ul>
<h3>Professional Analyst Ratings for Carnival</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $27.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Loop Capital lowers its rating to Hold with a new price target of $25. 
&#x2A; Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for Carnival, targeting a price of $30. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Carnival, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Behind the Scenes of Carnival's Latest Options Trends

High-rolling investors have positioned themselves bullish on Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CCL often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Carnival. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $35,980, and 7 calls, totaling $607,380.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $17.0 and $35.0 for Carnival, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Carnival's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Carnival's whale activity within a strike price range from $17.0 to $35.0 in the last 30 days. 
<h3>Carnival Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738944987_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$10.65</td>
<td>$10.55</td>
<td>$10.55</td>
<td>$17.00</td>
<td>$200.5K</td>
<td>8.6K</td>
<td align="right">527</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$10.6</td>
<td>$10.55</td>
<td>$10.6</td>
<td>$17.00</td>
<td>$117.6K</td>
<td>8.6K</td>
<td align="right">230</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$10.8</td>
<td>$10.55</td>
<td>$10.6</td>
<td>$17.00</td>
<td>$106.0K</td>
<td>8.6K</td>
<td align="right">119</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$2.32</td>
<td>$2.29</td>
<td>$2.32</td>
<td>$35.00</td>
<td>$52.2K</td>
<td>446</td>
<td align="right">225</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$2.89</td>
<td>$2.89</td>
<td>$2.89</td>
<td>$27.00</td>
<td>$50.5K</td>
<td>12.6K</td>
<td align="right">40</td>
</tr>
</tbody>
</table>

<h3>About Carnival</h3>
Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&amp;O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted 14 million guests in 2024.
Following our analysis of the options activities associated with Carnival, we pivot to a closer look at the company's own performance.
<h3>Carnival's Current Market Status</h3>
<ul>
<li>Trading volume stands at 4,877,525, with CCL's price down by -1.53%, positioned at $27.02.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 47 days.</li>
</ul>
<h3>What The Experts Say On Carnival</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $27.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Loop Capital lowers its rating to Hold with a new price target of $25. 
&#x2A; An analyst from Truist Securities persists with their Hold rating on Carnival, maintaining a target price of $30. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Carnival options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Unpacking the Latest Options Trading Trends in Carnival

Shares of companies within the broader consumer discretionary sector are trading lower following U.S. tariffs concerns.&nbsp;
Shares of companies within the broader consumer discretionary sector are trading lower following U.S. tariffs concerns.&nbsp;

JBLU

MESA

SAVEQ

ULCC

WYNN

Shares of travel-related companies are trading lower as investors evaluate U.S. tariff concerns which may negatively impact consumer travel decisions.

It took only four sessions for the U.S. stock market to recover most of the losses triggered earlier in the week after the Chinese startup DeepSeek launched a more efficient and cost-effective AI platform than OpenAI&#8216;sChatGPT, sparking a sharp <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43239042/magnificent-seven-broadcom-lose-nearly-900-billion-in-value-as-deepseek-sparks-ai-carnage-why-this-expert-is-still-bullish-on-us-tech">selloff on Wall Street.</a>
Investors began questioning the need to allocate capital to higher-cost AI-related companies, sending shares of top chipmakers and data <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43267966/deepseeks-low-cost-model-reshapes-ai-landscape-experts-predict-shift-to-application-layer">centers into a tailspin.</a>
Yet resilient quarterly earnings reports and a significantly less hawkish Federal Reserve Chair Jerome Powell compared to his stance in December gave bulls the confidence to buy the dip.
As widely expected, the Federal Reserve left interest rates <a href="https://www.benzinga.com/25/01/43316048/fed-holds-interest-rates-steady-halts-streak-of-consecutive-cuts-as-inflation-remains-elevated">unchanged at 4.25%–4.5%.</a> Surprisingly, Powell instilled greater hopes for potential rate cuts in the future, stating that monetary <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43318325/a-different-powell-emerges-fed-chair-softens-hawkish-tone-on-interest-rates-bitcoin">policy remains "meaningfully restrictive."</a>
The scars remained visible for Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which lost about 15% in a week, with the chipmaker falling again on Friday following reports that U.S. plans to levy a 10% tariff on China.
Risk sentiment deteriorated during Friday afternoon trading in New York amid escalating tariff concerns.
President Donald Trump said again he plans to introduce 25% tariffs on imports from Mexico and Canada, though reports differed on when it would go into effect. 
On Friday, White House press secretary Karoline Leavitt said tariffs are coming Saturday.
&#8220;The President will implement 25% [tariffs] on Mexico, Canada and 10% on China,&#8221; Leavitt stated. 
Analysts warn that such a measure could cause significant economic disruptions in North America, with the U.S. automotive industry<a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43398182/trumps-25-tariffs-could-slaughter-canada-mexico-economies-hit-us-auto-industry-analysts-warn"> among the most affected.</a>
Cruise liners were among the best performers in the S&amp;P 500 for the week, with Royal Caribbean Cruise Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) and Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) all posting double-digit percentage gains following strong <a href="https://www.benzinga.com/general/travel/25/01/43312480/royal-caribbean-cruises-posts-q4-beat-a-compelling-long-term-strategy-says-analyst">earnings from Royal Caribbean.</a>
United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) was one of the worst laggards, plunging about 15% — its worst week since September 2008 — after the parcel service agreed with Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) to phase out more than 50% of the e-commerce giant&#8217;s volume by <a href="https://www.benzinga.com/25/01/43389661/these-analysts-cut-their-forecasts-on-ups-following-q4-earnings">the second half of 2026.</a>
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Stocks Trim DeepSeek Losses, Fed Holds Steady, Trump Slaps 25% Tariffs On Canada, Mexico: This Week In The Markets

Financial giants have made a conspicuous bearish move on Carnival. Our analysis of options history for Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) revealed 11 unusual trades.
Delving into the details, we found 18% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $206,670, and 7 were calls, valued at $577,607.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $30.0 for Carnival during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Carnival stands at 4057.33, with a total volume reaching 6,049.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Carnival, situated within the strike price corridor from $25.0 to $30.0, throughout the last 30 days.
<h3>Carnival Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738265512_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$1.58</td>
<td>$1.55</td>
<td>$1.58</td>
<td>$30.00</td>
<td>$164.2K</td>
<td>4.8K</td>
<td>1.8K</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$4.35</td>
<td>$4.25</td>
<td>$4.3</td>
<td>$25.00</td>
<td>$129.0K</td>
<td>8.1K</td>
<td>336</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$2.49</td>
<td>$2.46</td>
<td>$2.46</td>
<td>$28.00</td>
<td>$127.8K</td>
<td>3.0K</td>
<td>842</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$3.6</td>
<td>$3.5</td>
<td>$3.6</td>
<td>$30.00</td>
<td>$99.0K</td>
<td>684</td>
<td>275</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$3.8</td>
<td>$3.7</td>
<td>$3.7</td>
<td>$27.00</td>
<td>$54.7K</td>
<td>12.6K</td>
<td>414</td>
</tr>
</tbody>
</table>

<h3>About Carnival</h3>
Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&amp;O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted 14 million guests in 2024.
<h3>Current Position of Carnival</h3>
<ul>
<li>With a volume of 11,655,236, the price of CCL is up 0.9% at $28.16. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 55 days.</li>
</ul>
<h3>Expert Opinions on Carnival</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $26.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Carnival with a target price of $30. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Underweight rating on Carnival with a target price of $22. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Carnival, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Proceeds from the offering of senior unsecured notes to be used to redeem $2.03 billion 10.375% senior priority notes due 2028&nbsp;
MIAMI, Jan. 28, 2025 /PRNewswire/ -- Carnival Corporation &amp; plc ((NYSE/LSE: CCL, NYSE:<a href="https://www.benzinga.com/stock/CUK#NYSE">CUK</a>) today announced that Carnival Corporation (the "Company") priced its private offering (the "Notes Offering") of $2.0 billion aggregate principal amount of 6.125% senior unsecured notes due 2033 (the "Notes"). The Company expects to use the net proceeds from the Notes Offering, together with cash on hand, to redeem the $2.03 billion 10.375% senior priority notes due 2028 (the "Senior Priority Notes") of Carnival Holdings (Bermuda) Limited ("Carnival Bermuda").
The Notes Offering and the redemption of the Senior Priority Notes are a continuation of the Company's strategy to reduce interest expense, simplify its capital structure and manage its future debt maturities. The Company expects to reduce net annual interest expense by over $80 million as a result of the transaction. In addition, the indenture that will govern the Notes is expected to have investment grade-style covenants.

Carnival Corporation & plc Prices Offering Of $2B 6.125% Senior Unsecured Notes Due 2033

Shares of cruise stocks are trading higher in sympathy with Royal Caribbean, which rose after reporting Q4 financial results .

Royal Caribbean Exec Says Co Sees Particularly Healthy Demand In North America

Truist Securities analyst Patrick Scholes maintains Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) with a Hold and raises the price target from $29 to $30.

Truist Securities Maintains Hold on Carnival, Raises Price Target to $30

Goldman Sachs analyst Lizzie Dove initiated coverage on Viking Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) with a Neutral rating<a href="https://www.benzinga.com/quote/VIK/analyst-ratings" target="_blank" rel="noreferrer noopener"> and price forecast of $49.</a>
The analyst highlights that Viking Holdings&#8217; business model has strong appeal due to its high exposure to a growing demographic booking ahead at higher prices and its industry-leading category expansion, which boosts revenue growth.
However, due to the stock rising 73% since its IPO in May 2024 and a valuation premium compared to Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), the analyst is looking for a better entry point.
The analyst also notes that Viking Holdings high booking visibility (70% booked for 2025) and its desire to maintain a cash cushion suggest less potential for near-term estimate revisions and share repurchases.
Also Read: <a target="_blank" href="https://www.benzinga.com/etfs/sector-etfs/25/01/43135764/trumps-500-billion-stargate-ai-plan-puts-3-etfs-in-focus" rel="noreferrer noopener">Trump&#8217;s $500 Billion Stargate AI Plan Puts 3 ETFs In Focus</a>
Dove points out that Viking Holdings&#8217; core demographic mainly consists of affluent US travelers aged 55+, a fast-growing group with the highest wealth, representing about 30% of the population <a href="https://www.benzinga.com//node/43065113">but over 70% of the wealth.</a>
However, the analyst notes that the company&#8217;s customer base is less new-to-cruise compared to its peers, which has been a major growth driver for the cruise industry over the past two years.
The analyst highlights that Royal Caribbean and Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) have experienced double-digit growth in new-to-cruise passengers, with around half of their guests being millennials or younger.
While Viking Holdings has an appealing demographic and a strong pipeline of potential cruisers, Dove sees less opportunity for Viking Holdings to benefit from the new-to-cruise growth that has supported the broader industry.
Price Action: VIK shares are trading lower by 1.30% to $47.86 at last check Wednesday.
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Photo via Shutterstock.

Initiation

Viking Holdings' Premium Valuation Warrants A More Favorable Entry Point: Analyst

Goldman Sachs analyst Lizzie Dove <a href="https://www.benzinga.com/quote/ccl/analyst-ratings">reiterated a price forecast of $35</a> and a Buy rating on the shares of Carnival Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) and provided the following comments about its recently concluded investor event.
CCL&#8217;s strategy to develop private islands and exclusive destinations shows significant potential, with the capacity on its private islands expected to nearly double from 6.5 million to around 11 million passengers by 2030, said the analyst.
Management highlighted the considerable growth potential and expansion of its private island and exclusive destination strategy.
Management also pointed out that the growth will result in a daily capacity of approximately 95,000 guests by 2030, comparable to the throughput of Disney&#8216;s Magic Kingdom.
Despite concluding 2024 with an impressive 13% growth in new-to-cruise customers and a 10% increase in brand repeaters, CCL&#8217;s management remains confident in the long-term growth potential and the opportunity to &#8220;catch up&#8221; with certain brands that have not yet reached 2019 performance levels, noted the analyst.
CCL considers there is still substantial opportunity for continued brand momentum, even for some of its top-performing brands, which will drive further financial growth.
The company also noted that they have returned to solid bookings, with two-thirds of 2025&#8217;s capacity already booked by December, and all brands are priced higher year-over-year, noted the analyst.
With demand significantly outpacing CCL&#8217;s supply growth, management stressed that new ships are not essential to increase yields or stimulate additional demand.
Instead, the focus is on optimizing sales from existing ships rather than relying on the pricing boost from introducing a new vessel.
According to the analyst, the slower projected newbuild pace will not only create a favorable supply-demand environment but also provide <a href="https://www.benzinga.com/calendars/guidance">room for further debt reduction.</a>
Management remains confident that CCL has a strong opportunity to improve its balance sheet and transfer debt to equity value, aiming for investment-grade metrics of approximately 3.5X by FY2026.
Price Action: CCL shares are trading lower by 0.25% at $25.54 at the last check Wednesday.
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Photo by Darryl Brooks via Shutterstock.

Reiteration

Carnival Corp's Private Island Strategy Poised For Significant Expansion, Says Analyst

Press Releases

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Carnival Corporation & plc Announces the Redemption of Existing $1.0 Billion 10.500% Senior Unsecured Notes due 2030 and Launch of New Senior Unsecured Notes Offering for Interest Expense Reduction

Carnival Corporation & plc Announces Pricing of $1.0 Billion 5.750% Senior Unsecured Notes Offering for Refinancing and Interest Expense Reduction

IN FIVE MONTHS, CARNIVAL CRUISE LINE WILL UNLOCK FIVE PORTALS TO PARADISE AT CELEBRATION KEY

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