While Many Stocks Are Down, Carnival Corporation & plc (CCL) Look Promising

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Carnival Corporation & plc (CCL) has announced its plans to launch cruises from the United States on Saturday, July 3, 2021. Consequently, the company will launch its main business and expect to grow its revenue due to deferred demand. Carnival Vista, the most popular cruise line flagship, will be on board the first cruise departing from Port Galveston, Texas.

After the Carnival Breeze goes on the sea on July 15, regular flights will start. As far as the “pandemic” vaccination requirement for passengers is concerned, that only applies 14 days before sailing. Carnival has enough audience to operate multiple cruise lines profitably, with over 171 million vaccinated people in the US.

Despite this, the cruises will be unique since no COVID-19 vaccine is approved for children yet, which means there will be significant restrictions for parents. The US Centers for Disease Control and Prevention (CDC) has complex regulations for filling cruise ships; in particular, 95% of passengers must be vaccinated, limiting children. Approximately 30% of passengers on each flight were children. Currently, this indicator is not reachable.

On the other hand, this feature may also attract new users, such as young people who previously viewed cruises solely as family vacations for families with children. The situation presents itself as one of an unprecedented “experiment.”

The share price of Carnival Corporation & plc (CCL) closed at $30.89, rising by 1.15 % or $0.35 during the last trading session. During the day, the price of the company’s shares fluctuated between $30.65 and $31.455. There were 24.17 million shares exchanged, less than the company’s 50-day daily volume of 27.32 million and less than its year-to-date volume of 36.47 million. Its stock has increased 43.61% over the past 12 months, and it has risen 4.50% over the last week. In the past six months, the stock has risen by 35.01%, and it has gained 15.74% in the past three months. Since the beginning of the year, the stock has returned 42.61%.

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