Carnival share price analysis: extremely pressured ahead of earnings

Shares have slumped ~26% from the year-to-date high, pushing Carnival into a bear market. The stock ended last week at 1,830p, near its lowest level since December. The sharp decline signals deteriorating investor sentiment and raises downside risk for the stock and potentially for travel & leisure peers.

Analysis

Shares have slumped ~26% from the year-to-date high, pushing Carnival into a bear market. The stock ended last week at 1,830p, near its lowest level since December. The sharp decline signals deteriorating investor sentiment and raises downside risk for the stock and potentially for travel & leisure peers.