CCL Stock Price: Carnival Cruise Corp heads for open waters on COVID-19 Vaccine news


  • NYSE:CCL continued its surge on Monday on renewed optimism from investors. 
  • The travel industry has been resurrected after being devastated by COVID-19.
  • Cruise Line companies continue to gain despite the CDC putting a red flag on would-be cruise-goers.

NYSE:CCL has been brought back to life after several biotech companies reported potential COVID-19 vaccines with an extremely high efficacy rate. On Monday, CCL surged a further 4.66% to close the trading session at $18.18, which represents a 30% gain over the last 14 days, since the vaccines were announced. Shares are still way down and remain nearly 65% off of its 52-week high price of $51.94, but renewed investor optimism could continue to raise this stock well into 2021 as the world finally sees a potential end to the coronavirus pandemic. 

The travel industry, in general, has been one of the most beaten-down sectors of the economy ever since global travel was nearly shut down completely. Likewise to CCL, both of its chief rivals Royal Caribbean (NYSE:RCL) and Norwegian Cruise Line Holdings (NASDAQ:NCLH) also gained over 4% respectively to start the week. The COVID-19 vaccine news has uplifted several other travel-based sectors including the airlines, hotels, and travel booking sites. 

NYSE:CCL stock price chart

CCL stock price chart

It is not all sunshine and rainbows for Carnival though, as the CDC recently raised a red flag for potential cruise-goers as optimism about travel ramped up. Carnival also had to sell-off 18 of its ships this year to raise capital for costs, and management recently sold off $1.5 billion of its shares to raise further capital for the new year. So although Carnival is far from smooth sailing until confirmation of global vaccine doses can be distributed, which according to Pfizer (NYSE:PFE) and Moderna (NASDAQ:MRNA), may not be until the end of 2021. 

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.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD hits fresh one-month low amid souring market mood

EUR/USD has been extending its falls and dips below 1.21 as US retail sales badly disappointed and the worsening mood is supporting the safe-haven dollar. Markets digest Biden's stimulus plan. US Consumer Sentiment declined to 59.2 points. 

EUR/USD News

GBP/USD retreats toward 1.36 amid fresh dollar strength

GBP/US has pared its gains and falls toward 1.36 as the dollar gains ground. The UK economy shrank by 2.6% in November, better than estimated. The UK is ramping up its vaccination campaign and PM Johnson is pressured to ease the lockdown. 

GBP/USD News

Gold extends sideways grind near $1,850

The XAU/USD pair registered small daily gains on Thursday but struggled to extend its recovery amid a lack of significant fundamental drivers on Friday. As of writing, the pair was up 0.15% on a daily basis at $1,849.

Gold news

Forex Today: Markets “sell the fact” on Biden's stimulus, dollar rises, retail sales eyed

Markets are on the back foot after Biden hinted about tax hikes while introducing stimulus. The safe-haven dollar is edging higher despite Powell's pledge to keep monetary policy accommodative. 

Read more

DXY breaks above key downtrend, eyes move above 91.00

USD has been strongly supported on what has shaped up to be a very much risk off final trading day of the week. Most G10/USD pairs have seen significant weakness, aside from CHF/USD and JPY/USD, given that the two currencies are also considered “safe havens”.

US Dollar Index News

Forex MAJORS

Cryptocurrencies

Signatures