Carnival Corporation Shares Fall After Cruise Postponed and Peloton Interactive Shares Gain as Company Acquires 3 Start-Ups
On Tuesday, shares of Carnival Corporation plunged, closing down 7.82%.
Shares of the British-American cruise operator fell after the company announced it would be postponing one of its cruises.
Carnival disappointed European travelers planning to depart later this week when the company revealed yesterday that one of its global cruise brands would delay operations for another month.
The cruise industry has been among the worst hit by the pandemic. Timeframes for returning ships to sea are being increased even as vaccination rollouts increase.
Shares of Carnival Corporation are up over 25% in the past three months.
On Tuesday, shares of Peloton Interactive surged, closing up 3.48%.
Shares of the exercise equipment company grew after its quarterly SEC filing last month revealed three new acquisitions.
Peloton Interactive is on a spending binge that may lead to new opportunities. The company that makes at-home fitness equipment has acquired three start-ups to expand into artificial intelligence, digital voice assistants, and connected technology.
Peloton is acquiring Aiqudo, Atlas Wearables, and Otari for a total of $78.1 million. Aiqudo is a company that uses artificial intelligence to improve voice controls on smartphones and computers. Atlas Wearables creates smartwatches for fitness. Otari creates interactive workout mats with built-in displays.
Shares of Peloton Interactive have fallen over 20% this year.
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.