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Stock Alert: Carnival Corporation Trading 38% Higher

Shares of leisure travel company Carnival Corporation & Plc (CUK) are rising more than 38% Monday morning at $16.51.

U.S.Market is on the rise today morning after drug maker Pfizer and BioNTech announced that their late-stage Covid-19 vaccine has proved to be more than 90% effective.

Whole of travel industry and leisure travel in particular has suffered a massive blow from the pandemic. Stock is reacting positively to this promising news, besides Joe Biden's victory.

CUK has been trading in the range of $7.08- $49.03 in the last one year.

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The U.S. Food and Drug Administration on Saturday authorized Johnson & Johnson's (JNJ) single-dose COVID-19 vaccine for emergency use. It is the first single-shot COVID-19 vaccine and the third COVID-19 vaccine for emergency use in the U.S. - the other two being Pfizer/BioNTech's BNT162b2 and Moderna's mRNA-1273. The U.S. Food and Drug Administration said that it will rapidly work toward finalization and issuance of an emergency use authorization of Johnson & Johnson's (JNJ) single-shot COVID-19 vaccine candidate. Billionaire Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) reported that its fourth-quarter net earnings attributable to shareholders rose 23 percent to $35.84 billion from last year's $29.16 billion, with earnings per share improving to $23,015 per Class A share from $17,909 per Class A share in the prior year.
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