If You'd Invested $5,000 In Carnival In January, Here's How Much You'd Have Now
(NYSE: CCL) (NYSE: CUK) shares plummeted earlier in the pandemic. That's after the cruise giant halted cruising operations and swung from a profit to a loss. At the same time, Carnival took on billions of dollars in debt to keep going until it could set sail again.
Fast forward to today. Carnival's ships are sailing, demand is soaring, and the company is progressively making its way back to financial health. Since the start of the year, investors have recognized these positive trends, and they've been piling into Carnival shares. The stock is still far from its pre-pandemic levels. But it has posted a triple-digit gain since the start of January. How much would you have now if you'd invested $5,000 in Carnival then? Let's find out.
Carnival has soared 135% since the start of the year. So, if you'd invested $5,000 in the stock at that point, today your investment would be worth $11,750. That's an impressive increase in a pretty short time period. Now the question is: Should you sell, or does Carnival hold more potential?
Source Fool.com
Carnival plc Stock
The community is currently still undecided about Carnival plc with 1 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 13 € is below the current price of 13.38 € for Carnival plc, so the potential is actually -2.8%.
