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19:50 EDT JIADE (JDZG) Ltd trading halted, news pending
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CF Industries to host investor day
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Carnival Stock (CCL) Dips on Loyalty Program Changes
Carnival (CCL) stock slipped on Monday after the cruise line company announced controversial changes to its loyalty program. The company will nix its Very Important Fun Person (VIFP) program next year in favor of a new rewards program. This issue with this is that it will change how passengers earn rewards. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The new program will allow customers to earn benefits over two years, and retain those benefits for another two. For comparison, the current loyalty program offered benefits for life. Another change is how points are earned: the new system offers points for money spent, while the current one gives points based on nights booked. These changes are designed to limit the number of guests who have access to the highest level of rewards. The decision to switch to this system was made after the current loyalty program become inflated with members who have benefits for life. While the new system alleviates this issue, it isn't going over well with loyalty members. Carnival Stock Ratings and Movement Today James Hardiman. This suggests a possible 19.91% upside for CCL stock. CCL shares were down 1.72% on Monday following the new loyalty program reveal. Investors will note the stock is also down 6.4% year-to-date but has rallied 45.03% over the past 12 months. Is CCL Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Carnival is Moderate Buy, based on 13 Buy and five Hold ratings over the past three months. With that comes an average CCL stock price target of $28.73, representing a potential 23.04% upside for the shares.
