Carnival Cruise Lines Drifts Higher After Q4 Beat

Carnival Cruise Lines CCL shares are trading higher by $2.48 at $32.12 in Wednesday's session. The catalyst for the rally is a Q4 beat for EPS of $0.07 with a small beat for revenues. After a higher open, it retreated only $0.30 at $51 before resuming its move higher. So far, it has reached $52.24 and is not far off that level. The current high coincides with its January 14 high ($52.18).