Why Carnival Corporation, Royal Caribbean, and Norwegian Cruise Line Holdings Stocks Sank Friday
It's another day ... and another bad day for investors in Carnival Corporation (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH), with all three stocks dropping as of noon EDT.
Yesterday, as you may have heard, the U.S. Centers for Disease Control and Prevention (CDC) officially extended its controversial no-sail order for the cruise industry by another month, through Oct. 31. That actually should have been good news for the cruise industry, as it's been reported that the CDC wanted to postpone cruising into 2021, but was overruled by Vice President Pence.
This is not how things are working out, however -- and I think you can blame Carnival itself for that.
Source Fool.com
