Almost 2 Years Ago
2 Min Read
CCL shares descended -14% today. The primary reasons:
Carnival Corp (CCL) is trading -14% lower at $9.54 today.
Carnival Corp has been trading between a 52-week high of $27.39 and a 52-week low of $8.1. The stock has a market cap of $10.5 Billion.
Carnival Corp announced plans to raise around $1 billion through a discounted stock offering, driving the stock down today. When a company sells new stock, that means that the existing stockholders now own a smaller share of the same company. Carnival investors are interpreting this new cash injection as a buffer against financial difficulty, rather than a resource to be used for additional growth.
Carnival Corporation & plc is one of the world's largest leisure travel companies with a portfolio of nine of the world's leading cruise lines. With operations in North America, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.
Carnival Corp has been trading between a 52-week high of $27.39 and a 52-week low of $8.1. The stock has a market cap of $10.5 Billion.
Carnival Corp announced plans to raise around $1 billion through a discounted stock offering, driving the stock down today. When a company sells new stock, that means that the existing stockholders now own a smaller share of the same company. Carnival investors are interpreting this new cash injection as a buffer against financial difficulty, rather than a resource to be used for additional growth.
Carnival Corporation & plc is one of the world's largest leisure travel companies with a portfolio of nine of the world's leading cruise lines. With operations in North America, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.
Headlines
United Airlines Holdings, Carnival Corporation, Royal Caribbean Cruises among premarket losers'' pack
Why Carnival Stock Is Sinking Today
Stocks Edge Lower, Tesla, United Airlines, Carnival And Ford In Focus - Five Things To Know
Carnival stock slumps on pricing $1B stock offering
Carnival PLC - Carnival Corp & plc Announces Common Stock Pricing
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
stonks_better - 5 upvotes - source
CCL too, good short float
stantbrady - 5 upvotes - source
CCL puts are gonna bank when that crap falls 10% again
gaybearishair - 5 upvotes - source
“$CCL has too much debt, they need to pay it off.” ($CCL raises money to pay off debt with stock offering) “I DIDNT MEAN LIKE THAT.”
mjgcfb - 5 upvotes - source
CCL says thanks for the pump..idiots.
Rickyskeets69 - 5 upvotes - source
CCL 
AromaticFarmer - 4 upvotes - source
Going balls deep in CCL calls
its_me_cindy - 3 upvotes - source
I’m loading up on shitty CCL today. Yeah yeah it’s going to take a while to rebound, but will be worth it.
zeebee098 - 3 upvotes - source
CCL 1 billion dollar offering
MordorBlues - 2 upvotes - source
CCL puts...up well over 20% in 3 days....should be a 7 dollar stock
MordorBlues - 2 upvotes - source
CCL selloff afterhours. Diluting stock AGAIN. Short that fucker to $7
Recommended Articles
