Despite lingering headwinds, I think cruise line stocks are due for a comeback as the world returns to business as usual. From its January 2018 all-time high north of $72 per share, Carnival (NYSE: CCL) stock has crashed roughly 85% to its current price in the $10 to $11 range. Most cruise line companies use pre-pandemic 2019 as the baseline year to compare their current performance.
A fundraising effort by cruise line passengers that took place on the high seas around six different continents culminated today with a large donation for Ukrainian relief. Holland America Line presented a check for $450,000 at the Port of San Diego to the global humanitarian aid organization Direct Relief, money raised during the premium cruise line's On Deck for a Cause campaign.
Zacks.com users have recently been watching Carnival (CCL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.