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StockNews.com
StockNews.com
Business
David Moadel

Carnival Stock Looks Scary as Analyst Hits the Panic Button

  • Carnival (CCL) could benefit as the Centers for Disease Control and Prevention (CDC) terminates its Covid-19 Program for Cruise Ships.
  • On the other hand, Carnival's planned $1 billion share sale suggests that the company may be having a cash crisis.
  • Investors can simply avoid CCL stock as a Stifel Nicolaus analyst warns of "panic" among investors.

Miami-headquartered cruise operator Carnival (NYSE:CCL) recently received some positive news as the Centers for Disease Control and Prevention (CDC) has ended its Covid-19 Program for Cruise Ships. Don't get too excited yet, though. CCL stock could still head lower as Carnival's planning a massive share sale. Plus, an analyst is suggesting that the company's share sale could precipitate "panic" among Carnival's investors.

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