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Why Carnival Stock Fell 19% in December

TheMotleyFool

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Why Carnival Stock Fell 19% in December: https://g.foolcdn.com/editorial/images/715203/cruise-ship-off-coast-of-alaska.jpg

Shares of Carnival (NYSE: CCL) were moving backward in December as a combination of fears of a recession and a wide loss in its fourth-quarter earnings report weighed on the stock.

According to data from S&P Global Market Intelligence, the stock fell 19% last month. As you can see from the chart below, the stock declined steadily over the course of the month.