What's Going On With Carnival Stock Today?
Portfolio Pulse from Ryan Gustafson
Carnival Corporation's (NYSE:CCL) shares are trading higher, showing a slight rebound after a recent downtrend. The stock has been down 31.9% over the past three months due to the COVID wave causing volatility in the sector. The stock fell further after the company reported third-quarter financial results and issued guidance on Sept 29. Morgan Stanley analyst Jamie Rollo maintained Carnival with an Underweight and lowered the price target from $11.50 to $11. However, shares of Carnival recovered by almost 4% on Wednesday.
October 04, 2023 | 7:29 pm
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POSITIVE IMPACT
Carnival Corporation's stock has been on a downtrend, largely due to the impact of COVID. However, it showed signs of recovery with a 4% increase on Wednesday.
The stock has been on a downtrend due to the impact of COVID on the sector. However, the recent recovery indicates a potential positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100