Will Carnival (CCL) Sink or Float?

Covid-19 has brought the world to a standstill resulting in heavy travel restrictions with planes grounded and ships docked. As travel companies face the threat of going into bankruptcy, what does this mean for the cruise industry? Carnival, the world’s largest leisure travel provider has been among the most sought-after stocks. Their shares have been trading at a discount of over 60% since soaring in January, with over 10 million shares being traded daily. Carnival has seen its valuation decline severely within the last 5 months, what does this mean for investors?

This is a companion discussion topic for the original entry at https://www.genuineimpact.io/blog/will-carnival-ccl-sink-or-float