Cruise Stocks Take A Dive and Target’s Recent Partnership with Ulta Beauty
Carnival miraculously started the week with an insane boost in share value. In Monday’s trading session, the stock went up as high as 39%. To take advantage of this meteoric rise, the company announced on Tuesday that it will be offering up to $1.5 billion worth of its stock.
Following Tuesday’s announcement, the stock dropped heavily closing the day down over 13%. Carnival’s stock has fallen 67.4% year to date. In contrast, the S&P 500 gained 9.6% in the same time span.
Ulta Beauty got a nice bump up in share value in the wake of their new partnership with Target. Target plans to host the brand in its stores and online to bring Ulta Beauty cosmetics to the big box retailer.
In Tuesday’s trading session, Target shares were up a slight 2%, while Ulta Beauty cosmetics went up over 9%. Will this new partnership help target more customers?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.