CCL stock dips below 40

[Floriduh]

We purchased our first 100 shares yesterday at $36.64. Already have the account funded to purchase again if it goes below $30. We had been waiting for a good time to buy and here it is. Will probably keep buying if it keeps dropping.

 

We've been buying Disney stock for the last several years and looks like we need to up our purchases there, too.

 

Great time for long term investors.

[ontheweb]

12 hours ago, Joe817 said:

Actually, no in after hours trading:

 

AFTER HOURS

Last Updated: Feb 25, 2020 7:59 p.m. ESTDelayed quote

$36.23

 0.39 1.09%

After Hours Volume: 73.3K

Leisure/Arts/Hospitality  -6.79%

CLOSECHGCHG %

Thanks, but the way the entire market, not only the cruise line stocks, seems to be heading it seems that it will get below that number soon.

[Joe817]

5 minutes ago, ontheweb said:

Thanks, but the way the entire market, not only the cruise line stocks, seems to be heading it seems that it will get below that number soon.

Now that I can agree with. 

[Farts]

Many of the stocks/indices bounced back today, but CCL, NCLH, and RCI are still ticking downward. 

[n6uqqq]

12 minutes ago, Farts said:

Many of the stocks/indices bounced back today, but CCL, NCLH, and RCI are still ticking downward. 

When this makes its way to the US cruise stocks will get hammered. Who would go on a ship to be a giant petri dish of infection? Or sporting events, movie theaters, dining out etc.

[shof515]

Carnival Corporation's annual meeting is on 4/6/2020. As an investor in Carnival Corporation, you can help decide the company's path forward by voting on key company decisions. Vote by tapping the button below. The deadline is April 3, 2020 05:00 PM, Eastern Time.

 

will be interesting to see what the call is about

[n6uqqq]

CCL now down to 32.90 ouch.

[bury me at sea]

I will reevaluate conditions when it hits 23-24.

[john91498]

Wow, a year ago, it was $58. Lost almost half it's value in a few days.

[Hoosierpop]

Finally bought some. In it for long term, so they will hopefully continue the OBC. And dividend.

[shof515]

40 minutes ago, john91498 said:

Wow, a year ago, it was $58. Lost almost half it's value in a few days.

this is how i feel too 😞

[Saint Greg]

On 2/25/2020 at 1:41 PM, Saint Greg said:

 

CCL approaching 35, NCL 39, RCCL 89.

 

CCL 33, NCL 36, RCCL 82

[jimbo5544]

1 hour ago, shof515 said:

this is how i feel too 😞

Losses are only relevant for a point in time.  If you are selling or buying, or over a longer period of time.  That said, it will probably get worse before it gets better.

[Stick93]

The ships aren’t goiNg anywhere. At some point this will end. 
Remember “if you build it they will come“! 

[Haveuseen1]

I love investing when things go on sale. Looks like we got a sale going on!

[bury me at sea]

1 hour ago, Haveuseen1 said:

I love investing when things go on sale. Looks like we got a sale going on!

 

Not yet. I'm waiting for it.

[billslowsky]

4 hours ago, Haveuseen1 said:

I love investing when things go on sale. Looks like we got a sale going on!

The "sale" is likely to go on for another week or two.  And that's optimistic.

[VentureMan_2000]

It has been a crazy moving stock for the past year... 

[Daniel A]

I just checked the price of Carnival Corp stock.  It was at $30 and change.  Not so good for a lot of us, but it may be a good time to keep an eye on the stock if you were planning on making a purchase in order to qualify for shareholder OBC.  I'm not really into the stock market so I am not making any suggestion about whether to buy or not, I'm just suggesting that it has gotten pretty low and is worth following.  YMMV.

[shof515]

this been going on since monday. here is a similar thread about this: 

 

[sanmarcosman]

Market Summary > Carnival Corp

NYSE: CCL

Follow

 

31.02 USD −2.12 (6.40%)

Feb 27, 10:18 AM EST 

[Farts]

37 minutes ago, sanmarcosman said:

Market Summary > Carnival Corp

NYSE: CCL

Follow

 

31.02 USD −2.12 (6.40%)

Feb 27, 10:18 AM EST 

We may break 20s soon, but I thought it would have been at least a week. This is break neck speed

[FiredogCruiser]

I hope this drop doesn't impact the annual renewal of the OBC program or dividend distribution. I'm quite sure it is impacting profits.

[lottiegreen56]

I still think 26 is my family’s buy back target. The beating is lower today relative to the market as a whole. I noticed fares went down significantly the last month or it does make me wonder if management saw crunch coming.

[Denverdonkeys]

the stock price drop does not impact profits. reality should be that the company's profits (or the market's expectation thereof) are declining and therefore the price is dropping.