CCL Stock Price: Carnival Corp- owned cruise line extends operation suspension
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NYSE: CCL Aida Cruises under Carnival Corp announced the suspension of all cruises till the end of August
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Cruise industry and NYSE: CCL are hurt by record Florida COVID-19 infections
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NYSE: CCL is hoping for further positive COVID vaccine trial results
Carnival Corp NYSE: CCL owner of German-based Aida Cruises, and one of nine Carnival-owned cruise brands, has announced Thursday that Aida’s cruise operations will remain suspended until August 31, 2020. It has stated that “This is due to conditions for safe travel that do not exist in many destinations around the world.”
This news continues the trend of mostly bad developments for Carnival Corp and the cruise industry with lines to the US and Canada being suspended until 2021, and most lines worldwide suspended until September. NYSE: CCL’s announcement followed some good news, for the company, and the cruise industry, announced Wednesday night., Pfizer released positive results from its closely-watched human trial of a Covid-19 vaccine. The firm is working with Germany’s BioNTech on the vaccine. If positive vaccine results continue in a timely manner Carnival Corp and the cruise industry will benefit greatly.
NYSE: CCL operation suspension extended
The overnight vaccine news had NYSE: CCL open up again at 17.05, and just below its day’s high of 17.17. However, Carnival Corp’s Aida news announcement – as well as record numbers of COVID cases in Florida – started a downward trend which continued through the rest of the day, breaking the support for NYSE: CCL at 16/share multiple time starting from mid-day and then staying below 16/share from 2:30 until the close of 15.88 down 2.93%.
Other cruise operators, Norwegian Cruise Line, and Royal Caribbean fell on Thursday, down 2.74% and 2.60%, respectively.
16 of 17 daily moving average indicators are currently showing a ‘Sell’ signal for Carnival Cruise Lines with three changing from ‘Hold’ to ‘Sell’ from yesterday, while 8 of 11 oscillators show NYSE: CCL as ‘Neutral’ and 2 ‘Sells’ and 1 ‘Buy’, a shift of a ‘Sell’ to a ‘Buy’ since yesterday. Additionally, 13 of 20 Analysts have Carnival Corp as ‘Hold” with the other seven are split between ‘Strong Buy’ 2 ‘Buy’2 and ‘Underperform’ 3, with only one change from ‘Buy’ to ‘Hold’ in the past month.
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