Why Carnival's Stock Dropped Early Today

Shares of cruise line stock Carnival (NYSE: CCL) fell as much as 3% in early trading on Wednesday as the Centers for Disease Control and Prevention (CDC) began monitoring more ships. The drop didn't last long, though, and shares were down just 0.5% at 1:30 p.m. ET today.

The CDC said on Tuesday that it's investigating or observing at least 86 cruise ships as the omicron variant surges around the world. Ships are investigated if at least 0.1% of passengers test positive for COVID-19, which would be five passengers on a 5,000-passenger ship.

Image source: Getty Images.

Source Fool.com