Why Carnival Stock Jumped 14% in December
Shareholders of Carnival (NYSE: CCL) beat the market last month, with the stock rising 14%, compared to a 4% spike in the S&P 500, according to data provided by S&P Global Market Intelligence. The rally wasn't enough to push the cruise line giant's returns into positive territory for the year, though. Shares declined 7% in 2021, compared to a 27% surge in the wider market.
Still, December's boost was sparked by cautious optimism that Carnival's business will see a solid recovery in 2022.
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Source Fool.com
