Why Carnival Corporation, Royal Caribbean, and Norwegian Cruise Line Stocks All Just Dropped
Easy come, easy go.
For two days running, cruise stock investors enjoyed smooth sailing as shares of Carnival Corporation (NYSE: CCL) (NYSE: CUK), Norwegian Cruise Line Holdings (NYSE: NCLH), and Royal Caribbean Cruises (NYSE: RCL) grew on the back of positive analyst commentary from Australian banker Macquarie Group -- and positive COVID-19 vaccine news as well.
On Thursday, however, the cruise industry got swamped by the sea of red ink washing over the S&P 500. With the broad-market index down 1.7%, Carnival, Norwegian, and Royal Caribbean stocks are falling 6.4%, 3.8%, and 5.1% respectively.
Source Fool.com
