After weeks of tumbling markets as the “Wall of Worry” grew taller amid the war on Iran, especially with the closing-off of the Strait of Hormuz immediately affecting gasoline prices here at home, pre-market futures have blossomed on new hopefulness for the region. President Trump said early this morning that he is in “intense talks” with Iranian officials, which has so far gone “very good.
Carnival share price has slumped and moved into a bear market after falling by ~26% from the year-to-date high. It ended last week at 1,830p, near its lowest level since December last year.
Cruise stocks have suffered greatly as the U.S.-Iran conflict dampens travel spirit and inflationary pressures discourage discretionary spending. Oil prices spiking to absurd levels aren't helping matters, either.
CCL rides strong onboard spending and pricing gains, boosting yields and beating guidance as demand trends stay resilient.
Cruise operators face choppy waters as rising oil prices lift fuel costs, with analysts warning Carnival Corp could take the biggest hit to its 2026 profit as it is the only major U.S. cruise line that does not hedge fuel.
Bridgefront Capital LLC acquired a new stake in shares of Carnival Corporation (NYSE: CCL) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 20,944 shares of the company's stock, valued at approximately $605,000. Several other hedge funds have also recently modified their holdings of the stock.
Carnival is making progress in its recovery, but its stock has plunged with rising oil prices. Target's new CEO has a new turnaround plan, and the market recently cheered its earnings beat.
59 North Capital Management LP raised its holdings in shares of Carnival Corporation (NYSE: CCL) by 5.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,131,170 shares of the company's stock after purchasing an additional 426,985 shares during the period.
Carnival (CCL) stock has declined ~25% since Iran tensions began earlier this month. More than a demand decline, investors should monitor how Carnival's blended average fuel cost will notably increase if tensions persist. In this analysis, I quantify the impact of higher fuel prices on Carnival's adjusted net income in 2026. In my base-case scenario, I model a 20% increase in fuel cost.
In the latest trading session, Carnival (CCL) closed at $23.92, marking a -7.89% move from the previous day.
Stifel analyst Steven Wieczynski cut his price target on Carnival Corporation & plc ( NYSE:CCL ) to $35 from $40 on Wednesday, while maintaining a Buy rating on the stock.
Cruise stocks were among the S&P 500's biggest decliners since the Middle East conflict, and it's not just about rising fuel prices