Carnival rose 20%, marked best weekly return among S&P 500 stocks (Bulls, Bears Case)
$Carnival(CCL.US$ … Carnival Corp. rose 20% and marked the best weekly return among S&P 500 stocks for the week ending June 16.
On Friday, shares of Carnival Corp. briefly rose to their highest level since May 2022, before retracing and ending the session in the red.
Carnival is up 39.8% thus far in June and 95% year to date.
The stock's share price is still about 70% below its January 2020 level.
The cruise company is trading at a 67x forward P/E ratio, which is higher than the median S&P 500 company (18.3x).
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