Why Carnival Stock Fell Today Despite Its Good News

·1-min read
Why Carnival Stock Fell Today Despite Its Good News

Shares of Carnival (NYSE: CCL)(NYSE: CUK) sank a bit on Tuesday, closing 1.6% lower, against the 0.47% dip of the S&P 500 index. While the company stands to benefit from a positive development in the legal sphere, a new round of debt financing might be dampening investor enthusiasm. Monday was a good day for Carnival; Tuesday, not so much.

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