In the latest trading session, Carnival (CCL) closed at $29.93, marking a +0.34% move from the previous day.
Ah, "Carnival." The name conjures smiles. And some cruise lines are about to resume trips. So is this a good time or bad time to invest in Carnival?
Royal Caribbean Group and Carnival Corp will push ahead with a return to cruises this summer despite two guests onboard a test run for Royal Caribbean's Celebrity Millennium ship testing positive for COVID-19. A year after several cruise ships were host to major coronavirus outbreaks and with large numbers of Americans now vaccinated, cruise lines have been striving to get business going. Shares in Royal Caribbean, Carnival Corp and Norwegian Cruise Line Holdings Ltd, which all booked massive losses last year as restrictions brought the industry to a standstill, fell between 1% and 2% in response to the positive tests.