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Why Is Carnival Stock Worth More Than $8 a Share? – Motley Fool

It’s been more than five months since Carnival was printing new shares at $8 apiece to stay afloat, but not a lot has changed for the world’s leading cruise lin…

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Cruise lines were dealt a heavy blow during the initial stages of the COVID-19 crisis. Investors walked the plank the moment that Carnival¬†(NYSE:CCL)(NYSE:CUK) and smaller rivals Royal Caribbean Cruises(NYSE:RCL) and Norwegian Cruise Line Holdings(NASDAQ:NCLH) shut down their passenger sailings in March. The ocean splashes weren’t pretty.
Hungry for cash by early April, Carnival made some pretty desperate financing moves. It issued secure bonds yielding nearly 12% in this otherwise low interest…

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