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Carnival (NYSE:CCL) Plc ADS (CUK) stock has reached a new 52-week high, touching $24.66 amidst a wave of investor optimism. This milestone reflects a significant recovery, with the stock demonstrating a robust 1-year return of 60.84%. According to InvestingPro data, the company’s market capitalization now stands at $35.53 billion, with a notably high beta of 2.65 indicating significant price volatility. The cruise line’s performance indicates a strong rebound as the industry continues to recover from the challenges posed by global travel restrictions, with revenue growing 15.88% over the last twelve months to $25.02 billion. Investors are closely monitoring Carnival’s progress as it sails past previous expectations and charts a course toward potentially calmer seas and further financial growth. InvestingPro subscribers can access 7 additional key insights and a comprehensive Pro Research Report, helping investors navigate this volatile but promising stock.
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