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Dec. 8, 2021, 2:29 p.m. EST

Carnival stock surges on NYSE leading volume, flirts briefly with bull-market bounce

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By Tomi Kilgore

Shares of Carnival Corp. /zigman2/quotes/202325446/composite CCL -5.82% shot up 5.8% to $19.57 in afternoon trading on heavy volume, as the cruise operator briefly flirted with a bull-market bounce off last week's 13-month low. Trading volume swelled to 57.1 million shares, enough to make the cruise operator's stock the most actively traded on the NYSE, and compared with the full-day average of about 39.4 million shares. The stock ran up as much as 8.3% to an intraday higher of $20.04 earlier in the session before paring gains. At that high, the stock had soared 22.3% since closing Dec. 1 at $16.38, which was the lowest closing price since Nov. 13, 2020. Many on Wall Street believe a bull market is defined by a rally of 20% or more on a closing basis off a bear-market low. The stock would have to close above $19.66 to make the bull market on those terms "official." Among other cruise operators, shares of Norwegian Cruise Line Holdings Ltd. /zigman2/quotes/204183397/composite NCLH -5.16% jumped 8.2% to trade 22.4% above its Dec. 1 13-month low of $17.79 and Royal Caribbean Corp. /zigman2/quotes/208854639/composite RCL -6.34% hiked up 4.9% to trade 16.9% above its Dec. 1 13-month closing low of $64.27. Meanwhile, the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.54% has gained 4.0% off its Dec. 1, seven-week closing low.

/zigman2/quotes/202325446/composite
US : U.S.: NYSE
$ 19.11
-1.18 -5.82%
Volume: 42.72M
Jan. 27, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$22.75 billion
Rev. per Employee
N/A
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/zigman2/quotes/204183397/composite
US : U.S.: NYSE
$ 19.85
-1.08 -5.16%
Volume: 22.36M
Jan. 27, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$8.73 billion
Rev. per Employee
$4,960
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/zigman2/quotes/208854639/composite
US : U.S.: NYSE
$ 75.97
-5.14 -6.34%
Volume: 4.03M
Jan. 27, 2022 4:03p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$20.67 billion
Rev. per Employee
$6,871
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/zigman2/quotes/210599714/realtime
US : S&P US
4,326.51
-23.42 -0.54%
Volume: 3.04B
Jan. 27, 2022 5:00p
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