Should You Buy Carnival Before It Goes Back Up?

Sitting just 10% below its recent highs, Carnival (NYSE: CCL) (NYSE: CUK) has tripled in value since the COVID-19 pandemic hit U.S. shores.

Yet the cruise ship operator still sits 45% below where it traded before the world turned upside down in January 2020 and is off about 60% from its all-time high set back in 2018.

As Carnival's stock has been making steady gains on the outlook for being able to return to the high seas again, should you buy its stock now that it has been all but given the green light to resume cruises? 

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Source Fool.com