|Day's range||11.16 - 11.16|
Carnival's (CCL) fiscal first-quarter performance is likely to have benefited from strong demand for cruising, relaxation in COVID-related protocols and acceleration in booking volumes.
Shares of cruise company stock Carnival (NYSE: CCL) slipped 1.4% on Wednesday, only to change course and sail ahead 5.4% on Thursday as of 11:35 a.m. ET. The positive note from Stifel Nicolaus, which lies behind today's rally, actually came out on Wednesday. StreetInsider has the details, reporting that investment bank Stifel Nicolaus yesterday reiterated its buy rating, and its $18 price target, on Carnival stock.
Take a look at a Carnival (NYSE: CCL) (NYSE: CUK) stock chart, and it's bound to make you seasick. Shares of the world's leading cruise line operator have been lingering in the single digits for nearly two weeks, fetching half of what Carnival was trading at just a year ago.