What’s Happening With Carnival Stock?

What’s Happening With Carnival Stock?

Share to Linkedin LONG BEACH, CA - MARCH 07: Travelers trying to board the Carnival Panorama cruise ship for a 7 day ... [+] trip were met with a delay in Long Beach on Saturday, March 7, 2020. The ship sent a letter to passengers explaining a non specific medical issue is preventing them from disembarking the ship and allowing new passengers aboard. Carnival employees were informing passengers that it could be a long wait and they should use restaurants and bathrooms aboard the Queen Mary. (Photo by Brittany Murray/MediaNews Group/Long Beach Press-Telegram via Getty Images) Carnival (NYSE: CCL), the largest cruise operator, has seen its stock rise by about 15% since the beginning of 2021, trading at levels of around $25 per share currently. The gains are driven by a decline in Covid-19 cases and a higher rate of vaccinations in the U. S. However, the stock is down by about 8% over the last month, on account of the broader market sell-off, and the company's move to cancel or postpone cruises due over the next few months, with a resumption of U. S. operations only looking likely around Q3 2021. So is the stock poised to see further