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LSE:CUK 12 March 2026

Carnival stock price drops more than 6% as oil tops $100, dragging CCL and CUK lower

Carnival stock price drops more than 6% as oil tops $100, dragging CCL and CUK lower

Carnival Corp’s U.S.-listed shares dropped over 6% to $24.32 by 2:22 p.m. EDT Thursday, mirroring a sector-wide selloff as Brent crude surged 8% to $99.38 after attacks on tankers and tensions near the Strait of Hormuz. Royal Caribbean shares fell more than 6%, Norwegian Cruise Line nearly 3%. Rising fuel costs and uncertainty over 2026 expenses weighed on cruise stocks.
12 March 2026
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Stock Market Today

  • TD Securities Cuts Freehold Royalties Price Target to C$21 Amid Mixed Analyst Ratings
    March 12, 2026, 3:25 PM EDT. TD Securities has lowered its price target for Freehold Royalties (TSE:FRU) from C$22.00 to C$21.00, maintaining a "buy" rating with a potential upside of 21.74% from the previous close of C$17.25. Despite this downgrade, other analysts provided mixed views: Canaccord Genuity and Raymond James raised their targets, while National Bank Financial downgraded the stock to "hold." Freehold Royalties, a Canadian oil and gas royalties firm with a market cap of C$2.83 billion, reported quarterly earnings of C$0.31 per share with a net margin of 40.19%. The stock currently has a consensus "hold" rating and target price near C$16.54, reflecting cautious investor sentiment amid sector volatility.

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Carnival stock price drops more than 6% as oil tops $100, dragging CCL and CUK lower

Carnival stock price drops more than 6% as oil tops $100, dragging CCL and CUK lower

12 March 2026
Carnival Corp’s U.S.-listed shares dropped over 6% to $24.32 by 2:22 p.m. EDT Thursday, mirroring a sector-wide selloff as Brent crude surged 8% to $99.38 after attacks on tankers and tensions near the Strait of Hormuz. Royal Caribbean shares fell more than 6%, Norwegian Cruise Line nearly 3%. Rising fuel costs and uncertainty over 2026 expenses weighed on cruise stocks.
Amazon Stock Price Falls Again as Italy Tax Case, AI Costs Keep AMZN Under Pressure

Amazon Stock Price Falls Again as Italy Tax Case, AI Costs Keep AMZN Under Pressure

12 March 2026
Amazon shares fell 1.4% to $209.77 Thursday as investors weighed new legal and regulatory challenges and ongoing concerns over heavy AI-related spending. Milan prosecutors requested a trial over alleged €1.2 billion VAT evasion, and Senator Elizabeth Warren pressed CEO Andy Jassy on pricing practices. Amazon moved to raise $37 billion in a bond sale, drawing strong demand from debt buyers.
Oil Prices Surge Again: Brent Crude Near $100, WTI Jumps as Hormuz Stays Shut

Oil Prices Surge Again: Brent Crude Near $100, WTI Jumps as Hormuz Stays Shut

12 March 2026
Brent crude rose 8% to $99.38 after Iran said the Strait of Hormuz would remain shut and tanker attacks in Iraqi waters deepened supply fears. The International Energy Agency expects global supply to fall by 8 million barrels a day in March, calling it the biggest disruption on record. U.S. gasoline inventories fell 3.7 million barrels last week as drivers rushed to fill up. TotalEnergies reported a 15% output loss after shutdowns in the UAE, Qatar, and Iraq.
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