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.

Related Link: What's Happening With Riot Platforms Stock?

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

Image by Susann Mielke from Pixabay

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsMoverswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!