Caravelle International Group (NASDAQ:CACO) Stock Price Down 8.8% – Here’s Why

Caravelle International Group (NASDAQ:CACOGet Free Report) fell 8.8% during trading on Thursday . The stock traded as low as $1.15 and last traded at $1.19. 74,983 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 114,005 shares. The stock had previously closed at $1.30.

Caravelle International Group Stock Down 8.8 %

The company’s 50 day moving average price is $0.88 and its 200 day moving average price is $0.72.

About Caravelle International Group

(Get Free Report)

Caravelle International Group, through its subsidiaries, provides ocean transportation services in Singapore and internationally. The company operates through two segments, Ocean Transportation and Heating Business. It provides international shipping services and carbon-neutral solutions for wood desiccation.

Further Reading

Receive News & Ratings for Caravelle International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caravelle International Group and related companies with MarketBeat.com's FREE daily email newsletter.