Wednesday, November 19, 2008

Carnival Cruise Lines 10.49% loss

Carnival today fell 10.49% and is currently Trading at 16.47. This was accompanied by the S&P 500 being down over 6% and its main competitor Royal Carribean down over 17%. Today Royal Carribean discontinued its stock dividend which has followed in the footsteps of Carnival which recently also suspended their dividend. The market being down and the news of Royal Carribean cutting their dividend sent the cruse line companies down but Carnival had the smallest percentage drop among them.

No comments: