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Why Carnival Stock Just Fell

TheMotleyFool

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About two weeks ago, Carnival stock (NYSE: CCL) (NYSE: CUK) hit an iceberg, when the cruise company announced it would spend $2 billion to buy back some of its debt.

In Thursday trading, Carnival stock is going down again -- falling 2.4% through 10:30 a.m. EDT -- and the reason this time is because of how Carnival plans to pay for buying back its debt.

Image source: Getty Images.

Source Fool.com

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