Did Carnival, Royal Caribbean, and Norwegian Cruise Line Earn Last Week's Gains?
Some of the past week's biggest winners were cruise line stocks. Shares of Carnival (NYSE: CCL) (NYSE: CUK), Norwegian Cruise Line Holdings (NYSE: NCLH), and Royal Caribbean (NYSE: RCL) moved sharply higher.
The cruise line companies saw their stocks soar even though an analyst put out bearish updates for all three players. There's also nothing to suggest that Carnival, Norwegian Cruise Line, and Royal Caribbean will be setting sail anytime soon. Carnival's Princess line announced an extension to its suspended sailings. However, that didn't stop all three stocks from appreciating by more than a third last week.
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Source Fool.com
