Should You Buy Carnival Stock on Recent Vaccine News?
Many travel stocks got a big boost earlier this month, as not one but two COVID-19 vaccines showed 95% effectiveness in late clinical trials. Cruise stocks have been among the favorite travel-related stocks in the market. That's likely due to the rabid fandom many cruise lines have garnered as the favored mode of travel in recent years.
The world's largest cruise stock, Carnival (NYSE: CCL) (NYSE: CUK), is one of those that got a boost, rising about 35% on the news. Still Carnival's shares have retreated somewhat since, and are still far, far below the levels it traded at before the pandemic. But does that make Carnival a buy on new reopening hopes? Before you hop aboard, there are three big reasons to hold off on buying Carnival, especially after its recent surge.
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Source Fool.com
