Did You Sell Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Last Week?
Cruise line stocks were big winners during the first week of June. The second week, they didn't fare as well. Shares of Carnival (NYSE: CCL) (NYSE: CUK), Norwegian Cruise Line Holdings (NYSE: NCLH), and Royal Caribbean (NYSE: RCL) declined sharply this week, even if they ultimately only gave back a chunk of the prior week's gains in which the three publicly traded operators soared between 34% and 43%.
There was a lot going on this week. There were five price target boosts between the three stocks. However, enthusiasm quickly faded as rising coronavirus cases and iffy economic news threatened to delay a return to sailings come early August. Let's take a closer look at the week that was for the cruise line industry.
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Source Fool.com
