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CCL Stock rose around 14% this week. - 2
Travel and tourism industry is still recovering after the pandemic blow.
Cruise operators may see some positive signs in the market as Bank of America (NYSE: BAC), a multinational investment bank, recently said that consumer spending has been rising for the past few months. Carnival Corporation (NYSE: CCL) was experiencing a similar growth recently. However, CCL stock fell by almost 1.5% at the time of this publication.
Global Consumer Spending May Alleviate Cruise Stocks
According to Benzinga, increased consumer spending is important as many stocks in the industry have lost between …
Source: https://www.thecoinrepublic.com/2023/05/19/ccl-stock-appears-to-have-lost-strength-as-the-weekend-nears/