Why Carnival Corporation Stock Is Rising Today

Carnival Corporation CCL shares are trading higher Thursday. The company is set to report third-quarter earnings on Friday.
 

What To Know: Carnival Corporation is expected to report earnings of 75 cents per share and revenue of $6.69 billion.

Shares of the stock have struggled over the past three months, down 16.19%. A large factor causing the downtrend in the stock is the volatility plaguing the travel sector since August. The volatility has been linked to rising COVID-19 hospitalization and death levels in the past several weeks.

Despite the recent decline in price, Carnival Corporation stock is up 80.40% year-to-date.

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CCL Price Action: Shares of CCL were up 3.54% at $14.48 at the time of publication, according to Benzinga Pro.

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