Carnival (CCL) Stock Is Hitting New 52-Week Highs Today: What's Going On?

Carnival Corporation CCL shares are hitting new 52-week highs on Wednesday continuing the stock's upward climb from the month of June.

What To Know:

According to data from Benzinga Pro, CCL shares reached a new 52-week high on Wednesday of $19.55. CCL shares have gained over 20% in the past five trading sessions and gained over 57% in the past 30 days.  Carnival's stock saw many catalysts in the month of June including the announcement of earnings which surpassed the analyst consensus estimate, raising the company's fiscal year 2023 guidance and several upgrades and price target increases from analysts. 

CCL also has considerable short interest with 13.72% of available shares currently being sold short.

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CCL Price Action: According to Benzinga Pro, Carnival shares are trading 1.27% higher at $19.20 at the time of publication.

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