Why Carnival Stock Popped This Morning

Two days after cruise ship operator Norwegian Cruise Line Holdings (NYSE: NCLH) announced it's got its first boat back in the water -- Norwegian Jade, sailing out of Athens for the first time since March of last year -- rival Carnival Corporation (NYSE: CCL) (NYSE: CUK) was the next cruise stock to report good news.

Yesterday, the "Carnival Miracle" departed the Port of Seattle bound for a week-long cruise to Alaska and back.

Carnival hailed the resumption of Alaska cruising with a "Back to Fun" ribbon-cutting ceremony Tuesday, and investors celebrated today with an early 2%-plus jump in the stock price. (As of 9:40 a.m. EDT, the stock has given back half that gain, and was up 1.1%.)

Source Fool.com