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Why Carnival Stock Is Cruising Higher Today

TheMotleyFool

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Why Carnival Stock Is Cruising Higher TodayPhoto, wide shot, wide-angle lens, Coal company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.midjourneyapi.xyz/temp/2a011bdc-adca-4de9-8457-d868b31178cf.png

Shares of Carnival (NYSE: CCL) (NYSE: CUK) rose as much as 3.7% in early trading on Monday, bucking a falling market overall. The reason was falling oil prices, which are down 2.9% as of 11:10 a.m. ET. Carnival is currently up 1.9% after giving up some of its early gains.

The biggest news of the day is oil prices declining to around $95 per barrel. This not only lowers input costs for cruise ships, but also gives consumers a little more money to spend on discretionary purchases like a cruise.

Image source: Getty Images.

Source Fool.com

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