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Carnival Corporation (CCL) operates as a cruise and vacation company with a market cap of $17.08 billion. Headquartered in Miami, Florida, the company is the largest cruise operator in the world. Carnival is the world’s leading leisure travel firm, carrying nearly half of the global cruise guests. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other.
Shares of the cruise line operator have outperformed the broader market considerably over the past year. CCL has gained 34.8% over this time frame, while the S&P 500 Index ($SPX) has risen 24.5%. But in 2024, CCL stock is down 18%, while the SPX is up 9.8% on a YTD basis.