Carnival stock drops again, amid growing concerns over impact of COVID-19-related lockdown measures

Shares of Carnival Corp. sank 7.7% in afternoon trading, enough to pace the S&P 500's decliners, amid concerns over potential cruise cancellations given the new surge in COVID-19 cases in Europe. On Monday, the stock fell 5.1

Carnival stock drops again, amid growing concerns over impact of COVID-19-related lockdown measures

Portions of Carnival Corp. sank 7.7% in evening time exchanging, enough to pace the S&P 500's decliners, in the midst of worries over potential journey undoings given the new flood in COVID-19 cases in Europe. On Monday, the stock fell 5.1% after Carnival pushed back the restart of its Costa Cruises out of Italy by about a month to May 1, refering to limitations still set up in Italy and other European nations with an end goal to contain COVID-19. Also, on Tuesday, Germany said it was expanding its new lockdown measures until April 18. Portions of other voyage administrators were likewise getting hit hard, as Norwegian Cruise Line Holdings Ltd. slid 7.1% and Royal Caribbean Group shed 6.1%.