Why All the Cruise Stocks Are Underwater Today
Shares of Carnival (NYSE: CCL) (NYSE: CUK) tanked in early trading Friday, and it wasn't long before the rest of the cruise stocks followed. By 3:33 p.m. EDT, shares of Carnival were down 5.2%, bracketed by Royal Caribbean (NYSE: RCL) with a 4.4% loss and Norwegian Cruise Line Holdings (NYSE: NCLH) down 5.6%.
It's not hard to figure out why. The answer is coronavirus -- and the threat of renewed lockdowns and other preventive measures it brings with it.
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Source Fool.com
