|Bid||1,568.50 x 0|
|Ask||1,570.50 x 0|
|Day's range||1,466.00 - 1,595.00|
|52-week range||13.15 - 2,503.00|
|Beta (5Y monthly)||2.32|
|PE ratio (TTM)||N/A|
|Earnings date||18 Mar 2021 - 22 Mar 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||20 Feb 2020|
|1y target est||68.94|
Shares of Carnival (NYSE: CCL), the biggest of the American cruise lines, dropped yesterday along with those of all its peers when investors were disappointed by Norwegian Cruise Line Holdings' (NYSE: NCLH) earnings announcement. Today, Carnival stock is moving back up -- 3.8% higher as of 3 p.m. EST -- and probably also because of Norwegian. Cruise stocks had a rough 2020, and a rough start to 2021 as well, as the pandemic and recession continue to take their toll as their cruise ships remain locked in port.
Here's a hint: It was bad enough that Norwegian Cruise stock is down 5.7% in 12:15 p.m. EST trading -- and bad enough to drag down Carnival (4.3%) and Royal Caribbean (6.1%) right beside it. Last but not least -- and disappointingly for all cruise stock investors, I fear -- Norwegian had little to tell us about hoped-for "technical regulations" from the Centers for Disease Control and Prevention (CDC).
Without any visibility from the U.S. Centers for Disease Control for when people will be able to resume taking cruises again, cruise ship operators are canceling more voyages. Both Carnival (NYSE: CCL)(NYSE: CUK) and Walt Disney (NYSE: DIS) announced they were pushing their expected launch date for cruises back until June. It follows Norwegian Cruise Line Holdings' (NYSE: NCLH) decision earlier this month to cancel its cruises aboard certain brands until after May. Royal Caribbean (NYSE: RCL) currently still has a tentative May launch date.