Why Carnival Stock Is Still Falling
It's been a miserable week to own Carnival (NYSE: CCL) (NYSE: CUK) stock. Every single day, the stock has closed down from the previous day -- and Friday looks to be no different, with Carnival shares shedding 4.2% through 2:45 p.m. EDT today.
So what's eating Carnival investors this time? It may be lingering concerns about the company's new policy of requiring passengers in Florida to prove vaccination or purchase travel insurance and pay for a negative COVID-19 test, and what effect the policy will have on demand.
But it's also possible that investors aren't entirely elated about the latest news out of Canada. Specifically, last night Reuters reported that Canada has decided to lift pandemic restrictions on cruise ship visits to its ports -- but maybe not as quickly as Carnival investors had hoped they would.
Source Fool.com
