Stock Market Today, Sept. 29: Carnival Surges 13% on Record Bookings, Raised Guidance
On Sept. 29, 2026, cruise demand proved resilient as the operator posted adjusted EPS of $1.43 and $8.44B revenue, beating estimates.
Carnival Corporation (NYSE:CCL), a global cruise operator, experienced a significant surge in its stock price on September 29, 2021. The cruise line's shares closed at $25.11, marking a 13.43% increase from the previous trading session. This impressive gain followed strong premarket earnings and revenue reports that exceeded analysts' expectations.
Investors were particularly drawn to Carnival's record bookings, customer deposits, and a higher full-year outlook, which contributed to the positive impact on the stock price. Trading volume for Carnival's shares reached an astonishing 70.7 million shares, more than tripling its three-month average of 20.4 million shares traded.
The broader market also reacted to Carnival's exceptional performance. The S&P 500 (SNPINDEX:^GSPC) saw a slight decline of 0.18% to 7,670, while the Nasdaq Composite (NASDAQINDEX:^IXIC) dropped 0.09% to 26,798. Within the leisure travel and cruise sector, Royal Caribbean Cruises (NYSE:RCL) and Norwegian Cruise Line Holdings (NYSE:NCLH) also benefited from the improved cruise sentiment, with their shares rising 7.48% to $260.73 and 3.42% to $14.80, respectively.
Carnival's Q3 press release, shared by CEO Josh Weinstein, highlighted the company's outstanding quarter, emphasizing that the organization sailed past Wall Street's expectations on both the top and bottom lines.
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