Carnival Corp CCL shares are trading lower by 4.04% to $9.50. Shares of travel and resort companies at large are trading lower during Tuesday's trading session amid economic concerns. An economic slowdown could lead to decreased consumer spending on travel.
Carnival shares were also trading lower last week amid overall market weakness following worse-than-expected May CPI data. Rising inflation and an increase in U.S. Treasury yields have also weighed on the market.
See Also: Why Oracle Stock Is Rising
Carnival is the largest global cruise company.
According to data from Benzinga Pro, Carnival has a 52-week high of $29.98 and a 52-week low of $9.42.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
