Carnival Corporation & plc (CCL) in Miami, Fla., is a leisure travel company that operates across North America, Australia, Europe, and Asia. Its portfolio consists of Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises, Costa Cruises, AIDA Cruises, P&O Cruises, and Cunard. Shares of CCL have declined 21.8% in price over the past nine months and 35.8% over the past year to close the last trading session at $17.83. In addition, it is currently trading 43.4% below its 52-week high of $31.52, which it hit on June 8, 2021.
On Dec. 20, 2021, CCL announced its partnership with Jabil, Inc. (JBL) to launch the first Experience Internet of Things consumer wearables manufacturing and fulfillment location in the Florida/Caribbean region. The partnership will likely enable the company to fulfill the increased demand for IoT wearables.
