Why Carnival Shares Are Falling

Shares of travel stocks, including Carnival Corp CCL, are trading lower amid continued COVID-19 omicron variant concerns, with some governments imposing travel restrictions.

Carnival is trading lower by 8% over the past five sessions and lower by 22% over the past month amid ongoing COVID-19 omricon variant concerns, which is weighing on reopening uncertainty.

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Carnival is the largest global cruise company, set to deploy 50 ships on the seas by the end of fiscal 2021 as the COVID-19 pandemic wanes. Carnival's brands attracted about 13 million guests in 2019, prior to COVID-19.

Carnival has a 52-week high of $31.52 and a 52-week low of $16.32.