5 Best Most Active Stocks To Buy Now

3. Carnival Corporation (NYSE:CCL)

Volume as of October 10: 79.4 Million

Average Volume (3-Month): 58.8 Million

Number of Hedge Fund Holders: 24

Wall Street is positive on Carnival Corporation (NYSE:CCL). On October 5, Barclays analyst Brandt Montour revised his price target on Carnival Corporation (NYSE:CCL) to $10 from $14 and reiterated an Overweight rating on the shares. This October, Credit Suisse analyst Benjamin Chaiken adjusted his price target on Carnival Corporation (NYSE:CCL) to $22 from $29 and maintained an Outperform rating on the shares.

As of October 10, Carnival Corporation (NYSE:CCL) has a 3-month average volume of 58.8 million and an intraday trading volume of 79.4 million. The stock is among the best most active stocks that investors are piling into right now.

At the close of the second quarter of 2022, 24 hedge funds disclosed ownership of stakes in Carnival Corporation (NYSE:CCL). The collective stakes of these hedge funds amounted to $134.12 million. As of June 30, PEAK6 Capital Management is the top shareholder in Carnival Corporation (NYSE:CCL) and has stakes worth $23.15 million in the company.

Here is what Miller Value Partners had to say about Carnival Corporation & plc (NYSE:CCL) in its second-quarter 2022 investor letter:

“Amazingly, some companies like Carnival Corporation & plc (NYSE:CCL) (CCL, which we don’t own) made it back to its March 2020 lows when business was shut down with no sign of return. Carnival already resumed positive operating cash flow generation and disclosed stronger than historical bookings for 2023 at higher prices. The market focused on fear of recession and refinancing risk posed by higher rates.”