Short sellers have raised concerns about Carnival Corporation & plc (CCL), questioning whether it ranks as the worst cruise stock at present. Despite this, the company reported a surprising profit and witnessed its stocks break out as 2025 bookings have already surpassed full-year 2024. This promising development has led some analysts to call CCL undervalued, believing that it is poised to sail out of trouble. CCL's shares began soaring, and over a quarter's time, it climbed up by 26%. The stock was also seen as on course to surpass its pre-pandemic highs. A key fact to note is that despite the continuous rise in the share prices, they are still nearly 80% down from their peak levels before the pandemic hit. Amid this situation, some consider it an excellent investment opportunity to buy this cruise line stock now. The company's second-quarter earnings, which led the way, showed significant signs of recovery. The unexpected profit and positive future outlook caused a surge in Carnival's stock, causing an increase in optimism among Wall Street analysts. However, the huge debt pile remains a limiting factor for Carnival's growth.
Carnival Stocks CCL News Analytics from Thu, 11 Jan 2024 08:00:00 GMT to Sun, 15 Sep 2024 09:57:19 GMT - Rating 4 - Innovation 2 - Information 6 - Rumor -1
