Carnival (CCL) Stock May Be Best Bet After The Recent Fall

The cruise shipping industry has been on its knees for quite a long time due to the effects of the coronavirus pandemic and in this context, it might be important to look at the Carnival Corp (NYSE:CCL) stock.

Carnival (CCL) Stock May Be Best Bet After The Recent Fall

Back on February 24, the company had raised $1 billion in fresh cash infusion by selling 40.45 million shares for $25.10 each. Since then, the stock has only delivered marginal gains; however, it is also necessary to remember that the cruise industry might be on its way to staging a rebound.

Related:  Reece (REH.AX) Shares Are Showing A Great Performance: Worth Taking A Closer Look?

Up until May 4, as many as 100 million Americans had been vaccinated fully and while that is good news, it is unlikely that cruise bookings will begin until every citizen has had two jabs. However, experts believe that reservations will start soon due to the sheer degree of pent-up demand at this point. Eventually, the Carnival stock is expected to rebound as well and might even touch all-time highs by next year.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.