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Why Carnival Stock Dropped on Friday

Rich Smith, The Motley Fool
·2 min read
Why Carnival Stock Dropped on Friday

After three straight days of steadily rising stock prices, shares of cruise stock leader Carnival (NYSE: CCL) headed lower again on Friday, losing 3.6% through 10:50 a.m. EST. This week actually started out on a positive note for Carnival, which on Tuesday reported that its Cyber Monday sales set a new record: 50% higher volume than in the last Cyber Monday preceding the pandemic, in 2019. Monday's good news echoed Carnival's declaration earlier this year that the March 28 to April 3 period was the busiest booking week in the company's history.

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