Why Is American Airlines Stock Surging on Wednesday?
American Airlines Group Inc. (NASDAQ: AAL) stock moves upward Wednesday following travel sector talks at the White House and a pause in crude oil price rallies.
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Carnival Corp. (NYSE: CCL) stock slides 5.5% as high fuel costs and market-wide selling pressure hit cruise lines. See what's next.
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American Airlines Group Inc. (NASDAQ: AAL) stock moves upward Wednesday following travel sector talks at the White House and a pause in crude oil price rallies.
Carnival stock declined 3.51% to $23.89, significantly underperforming the S&P 500's 0.33% loss. The cruise operator has fallen 10.97% over the past month while the broader market gained 3.87%. Analysts expect upcoming earnings of $1.36 per share (down 4.9% YoY) with revenue of $8.36 billion (up 2.59% YoY). Carnival holds a Zacks Rank of #3 (Hold) with a Forward P/E of 11.1, trading at a discount to its industry average.
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Trade Desk shares fall as the company plans to reduce its workforce by approximately 15% as part of an organizational restructuring.