Why Carnival Stock Fell 17% in October
Shares of (NYSE: CCL)(NYSE: CUK) sank 16.5% in October, according to data provided by S&P Global Market Intelligence. Investors seem to think this ship has sailed, and they're moving on to higher-growth stocks.
Carnival has mostly completed its long-awaited recovery from the extended cruise moratorium, and apparently, so has its stock.
In its fiscal 2023 third quarter (which ended Aug. 31), revenue reached a record high of $6.9 billion. Carnival also posted its first net profit since the pandemic began, with more than $1 billion in net income. Demand is strong, with bookings above historical averages through 2024, and at higher prices than in 2023.
Source Fool.com
Carnival plc Aktie
13,61 €
0,37 %
Die Community ist noch unentschlossen über Carnival plc mit wenigen Einschätzungen.
Dadurch ergibt sich bei einem Kursziel von 14 € ein leicht positives Potenzial von 2.9% im Vergleich zum aktuellen Kurs von 13.61 € bei Carnival plc.
