Why Carnival Stock Is Back Up Today

Rich Smith, The Motley Fool
·2-min read
Why Carnival Stock Is Back Up Today

Shares of Carnival (NYSE: CCL), the biggest of the American cruise lines, dropped yesterday along with those of all its peers when investors were disappointed by Norwegian Cruise Line Holdings' (NYSE: NCLH) earnings announcement. Today, Carnival stock is moving back up -- 3.8% higher as of 3 p.m. EST -- and probably also because of Norwegian. Cruise stocks had a rough 2020, and a rough start to 2021 as well, as the pandemic and recession continue to take their toll as their cruise ships remain locked in port.