Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Why Carnival Shares Are Falling Today

Published 27/06/2022, 17:11
Updated 27/06/2022, 18:13
© Reuters.  Why Carnival Shares Are Falling Today

© Reuters. Why Carnival Shares Are Falling Today

Carnival Corp (NYSE: LON:CCL) shares are trading lower by 3.92% to $10.42. Wells Fargo (NYSE:WFC) maintained an Underweight rating on the stock and lowered its price target from $21 to $13. Stifel lowered its price target on the stock from $30 to $20.

Carnival (NYSE:CCL) shares traded higher during Friday's trading session after the company provided a second-quarter business update. Revenue increased by nearly 50% in Q2 of 2022 compared to the first-quarter 2022. Occupancy in second-quarter 2022 was 69%, an increase from 54% in the prior quarter.

See Also: Why Axsome Therapeutics Stock Is Soaring Today

Carnival is the largest global cruise company.

According to data from Benzinga Pro, Carnival has a 52-week high of $28.54 and a 52-week low of $8.70.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.