So What's Up With Carnival Stock And Norweigan Cruise Line Stock Today?

Carnival Corp CCL and Norwegian Cruise Line Holdings Ltd NCLH shares are trading higher by 2% and 1%, respectively, Wednesday morning following reports indicating the CDC has announced cruises could resume by mid-summer with restrictions.

While no specific date for resumption was given by the CDC, the public agency repeated how COVID-19 vaccination efforts will be critical in the safe resumption of passenger operations.

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The CDC said as more people are fully vaccinated, a phased approach allows the CDC to incorporate advancements into planning for resumption of cruise ship travel when it is safe to do so. The public agency recommends that all eligible port personnel and travelers get a COVID-19 vaccine when one is available to them.

Carnival is also scheduled to report earnings Wednesday. Wall Street expects Carnival is expected to report a quarterly loss at $1.54 per share on revenue of $197.34 million.