Buying would be significant, selling possibly. Often is related to stock options. Often to concentration. Also the stock has recouped about half their losses from 2019. It took 5 years plus for the industry to recover from 2009-19. This may not be any different. Think back to pre covid. High occupancy, the ability to raise prices and the industry was actually attracting younger cruisers. Talk about bad timing, how about Virgin Voyages, adults only, entered the market to be hit by covid and never sail an occupied cruise. Then there’s the number of new ships being delivered. Will be interesting to see how pricing goes when they can fully book ships, I’m surprised at the high fares.
Carnival may just have taken a hit in Australia where they have 2 ships the SPIRIT and the SPLENDER.
AUSTRALIA has just extended their lockdown with more onerous regulations from March 17 to June 17th 2021.
This may stop CARNIVAL from making some money during the Covid scare. Time will tell.-Tom