Why Carnival Corporation Stock Bounced Back Today
Well, wasn't that exciting!
Yesterday, a public plea from the Cruise Lines International Association (CLIA), asking the U.S. Centers for Disease Control and Prevention to authorize a resumption of pleasure cruising in July, sent cruise stocks flying. A few hours later, though, the CDC dashed that rally when Bloomberg reported that the CDC will in fact not permit cruising to resume this summer, but will rather keep its cruise ban in effect through the end of October and permit at most "conditional sailing" of trial-run cruises in the months between now and then.
Cruise stocks promptly crashed on that news.
Source Fool.com
