What is Carnival Corporation & plc?
Carnival Cruise Lines was founded in 1972 by Ted Arison (Theodore Arisohn) following his departure from Norwegian Cruise Lines which he co-founded in 1966. The company has pursued an aggressive acquisition strategy throughout its history to become a leader in the global cruise industry. The company’s current portfolio includes the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard as well as Holland America Princess Alaskan Tours.
The company is headquartered in Miami, Florida and, prior to the coronavirus pandemic in 2020, made annual calls at more than 700 ports around the world. Operating a fleet of more than 100 ships and employing more than 150,000 people from 150 countries, Carnival represented approximately 50 per cent of the global cruise line industry.
The pandemic has altered the global travel industry and cruise lines have suffered dramatically. The company was eager to welcome back travellers and has been a leader in designing safety protocols as travel restrictions are eased.
Past performance of CCL stock price
Carnival stock trading began on July 31, 1987. The IPO price was set at $3.875 (adjusted for stock splits). The capital raised was utilised to acquire multiple cruise lines in the following years and the company grew to become the largest cruise vacation supplier in the world.
There have been two stock splits in the history of the company, in December of 1994 and June of 1998, and there are currently almost 758 million shares outstanding. The Carnival share price reached an all-time high of $71.94 on January 29, 2018. 2019 was a record year with Carnival generating $20.8bn (£15.9bn, €17.6bn) in revenue and ranking 160 on the Fortune 500 list.
The company entered 2020 on the back of a banner 2019 with a price of $51.73. While the majority of industries suffered losses as the scale of the disruption the pandemic would inflict became apparent, the travel industry was one of the worst affected. The Carnival share price tumbled through March settling at the 52-week low of $7.97 on April 2. CCL has traded within this 52-week range of $7.80-$51.94 since. Shuttered by a global ban on cruises the company has been forced to issue millions of bonds in order to stay liquid.
While restrictions continue to ease in many areas around the world the cruise ship industry also suffered from negative publicity as passengers were stranded at sea during the onset of the pandemic, with ports refusing to allow entry for infected vessels. Investors remain cautious to invest in Carnival stock as they await clear guidance from global governments on when travel will return to normal.
How to invest in Carnival stock?
CCL trading occurs on the New York and London Stock Exchanges. Carnival is also the only company in the world that is a constituent of both the S&P 500 and the FTSE 250 representing the largest companies traded on both exchanges. Traditionally, those looking to invest in Carnival stock would purchase shares or an index which includes CCL. Traders are also able to purchase derivatives based on CCL stock such as contracts for difference (CFD) or options.
Traders using the Dzengi.com tokenised trading platform are able to profit from upward or downward movements in the Carnival share price without having to invest directly. Tokens are crypto derivatives whose value is linked to the value of a particular asset, in this case the CCL price today. The token is registered using distributed ledger technology (DLT) the same way cryptocurrency is recorded. This technology allows for trading using crypto without the need to convert back and forth with fiat currency, saving on exchange fees. The utilisation of this technology allows trading to be efficient, inexpensive and secure.
When trading tokenised stocks you can take a long or short position depending on whether you feel the price today is over or under-valued based on the price chart. If you think the price will decrease you can short the tokenised stock; if you think it will increase you can take a long position. Trading on Dzengi.com also allows traders to benefit from the leverage offered on the platform, up to 1:100.
Tokenised Carnival stock trading guide
Trading tokenised Carnival shares is no more difficult than regular stock. To begin trading you will follow need to follow a few simple steps:
- Register for an account with Dzengi.com.
- Deposit funds (with crypto or fiat) in the account.
- Determine the position size desired, accounting for leverage offered by Dzengi.com.
- Determine your trading position (long or short) based on expected share price movement and purchase tokenised Carnival shares derivatives. Dzengi.com matches the long orders from its clients with the sell orders and then hedges the unmatched orders through Capital.com, LMAX Digital or exchanges such as Binance, Bitstamp, Kraken, NASDAQ, NYSE and Gain Capital.
- Close your position when applicable. You can set a take-profit or stop-loss indicator to ensure you are not required to constantly monitor the price. Funds will deposit back to your account after closing and you can withdraw or take a new position.
Why trade tokenised Carnival shares with Dzengi.com
Carnival stock trading at Dzengi.com exchange has a number of advantages. Tokens are underpinned by robust and immutable blockchain technology; opening a trade will give you a token that tracks and moves according to the underlying instrument's price.
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Trade tokenised Carnival shares with Bitcoin or Ethereum; benefit from the stock's price movements without turning your crypto assets into fiat.
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Experienced traders can trade the world's top stocks, such as CCL, with up to 1:100 leverage.
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We have a scalable and low latency order management system, which can execute 50 million trades per second.
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Dzengi.com operates under new Belarusian regulation with best-in-class AML and KYC laws. Regulatory details and fees are upfront.
