Carnival Stock Over 3% Up On Thursday, After a Big Drop Yesterday

Yesterday, Carnival stock slumped after cancelling more cruises in the first part of 2021. Recent news suggest that the  cruise operator, Carnival, is selling debt without pledging its ships as collateral. Earlier this year, Carnival raised over 8$ billion by issuing bonds and loans backed by its idled ships. According to today's article on Bloomberg Quint, "Carnival Returns to Bond Market Without Its Ships as Collateral." Shares of Carnival rose 3.41% to $18.19 at 16:00 EST on Thursday. Carnival's last close was $17.59, under its 52-week high of $51.94. Carnival's sales growth is negative 96% for the present quarter and a decline by 91.6% for the next. The company's growth estimates for the present quarter and the next is a negative 408.1% and a negative 890.9%, respectively. Year-on-year quarterly revenue growth declined by 99.5%, now sitting on 10.34B for the twelve trailing months. Carnival's stock is valued at $18.19 at 16:00 EST, way below its 52-week high of $51.94 and way higher than its 52-week low of $7.8. Carnival's value is way above its 50-day moving average of $14.99 and way higher than its 200-day moving average of $15.66.