Carnival Corporation (NYSE:CCL) was surging over 9% on Thursday in tandem with the general markets, which saw the S&P 500 rising about 1.5%.
Despite the economy slowly reopening over the past year, stocks in the travel sector have largely failed to reap gains, and Carnival has plunged about 60% since June 8, 2021, when the stock hit a 52-week high of $31.52.
