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With a market cap of $33.2 billion, Carnival Corporation & plc (CCL) is a global cruise company that provides leisure travel services across North America, Europe, Australia, and other international markets, operating through four key segments, including cruise operations and travel support services. It manages a diverse portfolio of cruise brands and also owns port destinations, hotels, railcars, and motorcoaches.
Shares of the Miami, Florida-based company have outpaced the broader market over the past 52 weeks. CCL stock has surged 40.2% over this time frame, while the broader S&P 500 Index ($SPX) has increased 29.1%. However, shares of the company are down 13.4% on a YTD basis, lagging behind SPX’s 4.3% rise.