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Why Carnival Stock Dropped on Friday

Rich Smith, The Motley Fool
·2-min read
Why Carnival Stock Dropped on Friday

After three straight days of steadily rising stock prices, shares of cruise stock leader Carnival (NYSE: CCL) headed lower again on Friday, losing 3.6% through 10:50 a.m. EST. This week actually started out on a positive note for Carnival, which on Tuesday reported that its Cyber Monday sales set a new record: 50% higher volume than in the last Cyber Monday preceding the pandemic, in 2019. Monday's good news echoed Carnival's declaration earlier this year that the March 28 to April 3 period was the busiest booking week in the company's history.

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