Carnival Cruise Lines CCL Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Carnival Cruise Lines CCL

CCL 20.12

-3.6%

Mar 18 3:59 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: zax	4/1/2020 5:53:18 PM
	of 177

Carnival's stock follows biggest-ever quarterly selloff with a 23% plunge finance.yahoo.com Shares of Carnival Corp. plunged 23% on heavy volume Wednesday, as cruise operator followed up its worst-ever quarterly performance with its biggest one-day drop in two weeks. Trading volume swelled to 84.9 million shares, already nearly double the full-day average of 42.8 million shares. On Wednesday, Carnival said it launched a $1.25 billion public offering of stock, and offerings of a total of $4.75 billion worth of notes. Carnival's stock had plummeted 74.1% in the first quarter, much worse than the previous record quarterly decline of 48.1% over the first quarter of 2000. Wednesday's selloff comes as part of a sharp selloff in the broader stock market, as President Trump's warning that a "very, very painful" two weeks lies ahead sent the Dow Jones Industrial Average tumbling 820 points, or 3.7%. Other cruise operators also took a beating, with shares of Royal Caribbean Cruises Ltd. shedding 14% and Norwegian Cruise Line Holdings Ltd. losing 9.2%.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next