Stock Track | Carnival Soars 5.12% Intraday as Peer Royal Caribbean's Upbeat Forecast Boosts Cruise Sector
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Carnival's stock surged 5.12% during intraday trading on Thursday, reflecting positive sentiment in the cruise industry.
The movement follows Royal Caribbean's announcement of raising its annual profit forecast above Wall Street estimates, banking on strong demand from affluent travelers who continue to book cruises despite macroeconomic pressures. The upbeat news from the industry peer lifted shares across the cruise sector, including Carnival.
Carnival had similarly lifted its annual profit forecast in December, indicating resilient demand and higher ticket prices are benefiting the entire cruise industry. Royal Caribbean's positive outlook suggests continued strength in leisure travel spending.
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