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Why Carnival Stock Dropped Today

·2 min read
Why Carnival Stock Dropped Today
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Shares of cruise line operator Carnival Corporation (NYSE: CCL) (NYSE: CUK) stock dropped 2.2% in 10:15 a.m. EDT trading Monday after The Financial Times reported that 50 Carnival passengers have filed a class action lawsuit against the company alleging that it "failed to protect passengers" from COVID-19 on a recent cruise. This lawsuit, you see, refers to the Carnival Grand Princess cruise liner that was famously denied entry to San Francisco in the early days of the pandemic.