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CCL Stock: Why It Increased Today

CCL Stock: Why It Increased Today
  • The stock price of Carnival Corp (NYSE: CCL) increased by over 2.4% today. This is why it happened.

The stock price of Carnival Corp (NYSE: CCL) increased by over 2.4% today. Investors are responding positively to Carnival Cruise Line announcing it is the first cruise line to set sail from the Port of Baltimore since the industry-wide pause in operations. Carnival Pride is set for departing on a seven-day cruise to The Bahamas, visiting the popular destinations of Nassau, Freeport, and the private island of Half Moon Cay.


Before the departure, a “Back to Fun” event was held in the terminal during which Carnival President Christine Duffy, Carnival Pride Captain Maurizio Ruggiero, and Port of Baltimore Executive Director William P. Doyle cut the ceremonial ribbon and officially welcomed the first guests onboard.


Carnival Cruise Line had launched the first year-round cruise program from Baltimore in 2009 and since then has carried well over 1 million guests, making Carnival the number one cruise operator from the port. In November, a newer ship Carnival Legend will replace Carnival Pride in Baltimore when Carnival Pride shifts to departures from Tampa.


KEY QUOTES:


“We’re thrilled to be back in Baltimore, providing our guests with the relaxing vacation they’ve been so patiently waiting for but also supporting the local economy and offering our crew members an opportunity to support their families back home. Baltimore has been a wonderful partner for more than a decade and we are delighted to get Back to Fun in this key market which serves hundreds of thousands of guests in the Northeast and along the Atlantic Coast.”


— Christine Duffy, president of Carnival Cruise Line


“What a great day for the Port of Baltimore! We have waited a long time to welcome back the Carnival Pride to Charm City.  Baltimore’s Cruise Maryland is terrific — our cruise terminal is directly off Interstate 95 and BWI Thurgood Marshall Airport is only 15 minutes away.  The cruise terminal sits alongside Baltimore’s world famous Inner Harbor, as well as Federal Hill, Fort McHenry, and Fells Point.  There’s plenty of sightseeing, dining, and shopping options.  So cruise from Baltimore, enjoy our great city, and sail to some of the most incredible tropical paradises in the world.” 


— Port of Baltimore Executive Director William P. Doyle


Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.