Carnival (CCL) Stock: Why The Price Increased Today

By Amit Chowdhry ● Dec 2, 2021
  • The stock price of Carnival Corp (NYSE: CCL) increased by 9.22% today. This is why it happened.

The stock price of Carnival Corp (NYSE: CCL) increased by 9.22% today. Investors appear to be buying the dip in the company shares following a drop this week.

Since the discussions of the omicron variant of COVID-19 surfaced a few days ago, the stock price of Carnival fell over 9%. Yesterday, the stock price of Carnival fell over 7% after it was reported that someone with the omicron variant of COVID-19 was discovered in California. Many investors decided to buy the stock back at this lower price.

Plus investors appear to be potentially responding positively to a report from the December edition of the “Cruise Ships in Service Report” by Cruise Industry News that 239 cruise ships are set to operate from 68 brands globally. This is 9 more ships (net) than November as some smaller ships are laying up for the winter and 28 additional ships are marking their comeback.

Carnival is specifically welcoming the Conquest back from Miami and the newly-refurbished Carnival Radiance sailing from Long Beach.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.