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Why Carnival Is Rising Today

·2 min read
Why Carnival Is Rising Today
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Shares of Carnival (NYSE: CCL)(NYSE: CUK) were up 0.5% in afternoon trading Monday after announcing its Princess Cruises had completed their first voyages after having been shut down for nearly one and a half years. Carnival's stock had opened the day up more than 4% but gave back most of those gains as the day went on. The cruise industry was arguably treated worse by the federal government than any other industry in the country as cruise ship operators were forbidden from sailing even as virtually the rest of the economy was reopened.