Why Carnival Cruise Lines Sank in September
Shares of Carnival Cruise Lines (NYSE: CCL) fell 13.3% in September, according to data from S&P Global Market Intelligence.
The highly indebted cruise line stock fell throughout the month as long-term interest rates rose. But a final drop occurred on the last day of September following the company's third-quarter earnings report.
While Carnival's numbers came in ahead of expectations and demand remains strong, investors focused on rising costs, as well as a potential pushed-out timeline for the company's debt paydown.
Source Fool.com
Carnival plc Stock
€13.33
0.230%
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