Why Carnival Stock Fell 17% in October
Shares of (NYSE: CCL)(NYSE: CUK) sank 16.5% in October, according to data provided by S&P Global Market Intelligence. Investors seem to think this ship has sailed, and they're moving on to higher-growth stocks.
Carnival has mostly completed its long-awaited recovery from the extended cruise moratorium, and apparently, so has its stock.
In its fiscal 2023 third quarter (which ended Aug. 31), revenue reached a record high of $6.9 billion. Carnival also posted its first net profit since the pandemic began, with more than $1 billion in net income. Demand is strong, with bookings above historical averages through 2024, and at higher prices than in 2023.
Source Fool.com
Carnival plc Stock
€13.38
-0.260%
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Carnival plc stock is not clear.
However, we have a potential of -2.8% for Carnival plc as the target price of 13 € is below the current price of 13.38 €.
