Topline Shares of major cruise lines widely tanked on Thursday after Carnival announced a $1 billion stock sale—its second capital raise in recent months—in order to to pay down debt, as the cruise in...
Tag: cruise industry
Carnival Shares Plunge Nearly 15% As Morgan Stanley Warns Of Potential Stock Wipeout
Topline Cruise stocks tanked on Wednesday after yet another major Wall Street firm warned that weak demand and higher costs could sink industry profits and lead to another demand shock, with Morgan St...