It is uncertain if Carnival Corp (CCL) can make a comeback or not
Carnival Corp (CCL) currently trades at $8.35 and has fallen by 5% today. Carnival said it is decreasing its common stock offering to approximately $500 million from the previously announced $1.25 billion while increasing its senior debt offering to $4 billion from the previously announced $3 billion. Carnival also is selling $1.75 billion in convertible notes.
Based on this information, investorsQ rates this stock 3 out of 10. We give it this rating based on current information such as shares in the company have dropped dramatically as investors wonder whether the company will be able to make a comeback. It’s a huge reversal for the once strong brand that perhaps creates a buying opportunity. The high forecast for Carnival Corp is $59.00 and the low is $6.00. Notably, the company’s market cap is $5.62 billion with a 52 week high of $56.04 and a 52 week low of $7.90.