When Carnival (CCL) Stock Will Stop Its Monthly Collapse: Should Investors Be Aware?

Over the last trading session, CCL stock was plummeting already by 5%, losing $1. It has concluded at $22.85 and the anticipated price for CCL is expected to drop by 0.53% also. Indeed, the last whole month, the stock is collapsing from the highest mark of $31.31 in July to $22.85 for today.
Carnival has decided to require vacationers to purchase “special COVID-19 travel insurance” if they want to board its ships, according to The Miami Herald, in order to keep its ships free of the novel coronavirus while also complying with a Florida law prohibiting cruise companies from requiring passengers to show proof of vaccination against it.

Carnival will allow passengers who do not have proof of vaccination to purchase travel insurance that covers at least $10,000 in medical expenses and $30,000 in emergency medical evacuation expenses, as well as pay a $150 fee for a COVID-19 test to prove they are not currently infected, in order to achieve its goal without breaking the law.

Jack Dawkins

Finance and Tech Contributor

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