Why Carnival Stock Was Climbing This Week

·2-min read
Why Carnival Stock Was Climbing This Week

Shares of Carnival (NYSE: CCL) were moving higher this week after the company reported its first-quarter earnings on Monday morning. The stock actually fell initially on the earnings report, as Carnival's guidance for the rest of the year called for a wider loss than expected. Carnival's first-quarter results offered a number of reasons to be hopeful for investors who have patiently been waiting for a recovery from the pandemic.