Shares of Carnival (NYSE: CCL) were up 5.2% at 11:30 a.m. EST on Friday, outperforming rival cruise line stocks Royal Caribbean (NYSE: RCL) and Norwegian Cruise Line Hodings (NYSE: NCLH), which were up 1.5% and 3.6%, respectively. There's good reason for Carnival's outperformance: It is about to resume cruising.
Image source: Getty Images.
One of Carnival's several brands will, at least. On Wednesday, just ahead of the Thanksgiving holiday, the company announced that its German subsidiary, AIDA Cruises, will resume sailing out of the Canary Islands on Dec. 5.
Source Fool.com