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Why Are Cruise Stocks CCL, NCLH, RCL Plunging Today?

CCL Stock - Carnival (CCL) Stock Drop 20% Following Q3 Earnings Release

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Multiple factors are pushing cruise stocks down today. Industry leader Carnival (NYSE:CCL) has spent the year battling choppy market conditions. But yesterday the popular cruise line reported earnings for the third quarter of 2022, revealing a truly grim landscape for the sector. The report strongly indicated that the company is facing an uphill battle due to rising inflation costs and supply chain constraints. News of this outlook send CCL stock plunging to its lowest point since the Covid-19 pandemic broke out. That isn’t the . . .

Written by biedex markets