Where Will Carnival Stock Be in 5 Years?
(NYSE: CCL), the world's top cruise line operator, suffered a severe slowdown during the pandemic's height as global travel and tourism ground to a halt. On April 2, 2020, its stock closed at just $7.97 per share -- its lowest closing price since the Black Monday Crash of 1987.
At the time, investors were worried that Carnival would struggle to stay solvent. But over the following five years, its stock more than tripled to its current trading price of around $27. Let's see why it bounced back -- and where it might be headed over the next five years.
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Source Fool.com
