Down Over 29% in the Last Month, Is It Finally Time to Consider Carnival Cruise Stock?
Shares of Carnival (NYSE: CCL) (NYSE: CUK) are down almost 30% in the last month as Florida Gov. Ron DeSantis banned cruise ship operators from requiring proof of vaccination against COVID-19 from guests boarding ships in Florida. And a surge in coronavirus cases in the U.S. caused by the delta variant is giving some investors pause on their enthusiasm for a quick return of sailings. Still, much of the American population is fully vaccinated against COVID-19, and data shows that vaccines are effective against the delta variant.
Carnival has plans to go to sea with a large part of its fleet by November. After being cooped up at home for the better part of a year, folks are ready to experience entertainment away from home. It might be a little early, but it's nearing time for investors to consider Carnival stock.
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Source Fool.com
