-
NYSE: CCL Aida Cruises under Carnival Corp announced the suspension of all cruises till the end of August
-
Cruise industry and NYSE: CCL are hurt by record Florida COVID-19 infections
-
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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD alternates gains with losses near 1.0720 post-US PCE
The bullish tone in the Greenback motivates EUR/USD to maintain its daily range in the low 1.070s in the wake of firmer-than-estimated US inflation data measured by the PCE.
GBP/USD clings to gains just above 1.2500 on US PCE
GBP/USD keeps its uptrend unchanged and navigates the area beyond 1.2500 the figure amidst slight gains in the US Dollar following the release of US inflation tracked by the PCE.
Gold keeps its daily gains near $2,350 following US inflation
Gold prices maintain their constructive bias around $2,350 after US inflation data gauged by the PCE surpassed consensus in March and US yields trade with slight losses following recent peaks.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.