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Carnival Corp. (NYSE: CCL) stock dropped 11% in July, according to data provided by S&P Global Market Intelligence. It was negatively affected by overall macroeconomic events and investor ...
Carnival barely beat earnings expectations, and might not even do that next year.
The case to buy or hold Carnival stock now Carnival is benefiting from a cruise industry renaissance, with data showing that this form of travel and leisure is more popular than ever.
Carnival stock trades at a price-to-sales ratio of under 1, which implies investors aren't confident about its opportunities right now. This valuation is well below historical levels.
Carnival is the world's largest cruise operator, and it was a strong market-beating stock before the pandemic. It has made incredible progress in its rebound, but there are some obstacles to overcome.
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The good times may be over for cruise line companies.