Carnival Corp. (NYSE:CCL) shares are trading higher amid strength in cruise stocks after the CDC recently ended its COVID-19 cruise ship program. The stock is also gaining amid strength in travel names due to positive overall market sentiment.

What Happened?

The CDC recently indicated its COVID-19 program for cruise ships is no longer in effect as of July 18, allowing cruise lines to 'manage their own COVID-19 mitigation.'

The stock also appears to be gaining amid overall market strength. Recent earnings reports from large US companies have raised market sentiment going into the earnings season despite macroeconomic concerns.

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According to data from Benzinga Pro, Carnival Corp. has a 52-week high of $27.39 and a 52-week low of $8.10. At the time of publication, shares were trading 3.87% higher at $10.76.