Carnival Stock Soars 20% on Saudi Investment and New Liquidity Assessment

Carnival Stock Soars 20% on Saudi Investment and New Liquidity Assessment

The cruise line operator took steps to survive the downturn that made its depressed stock look undervalued.. The Public Investment Fund, Saudi Arabia's official investment vehicle, disclosed it owns 43.5 million Carnival shares, the equivalent of an 8.2% stake in the cruise line operator.. Wells Fargo does see Carnival's profits taking a hit, with operating cash flow turning negative to the tune of about $2.2 billion this year versus a $5.7 billion in positive cash flow last year.. Stock Advisor launched in February of 2002.. Cumulative Growth of a $10,000 Investment in Stock Advisor Calculated by Time-Weighted Return.