Why Carnival Corporation, Royal Caribbean, and Norwegian Cruise Line Stocks All Popped This Morning
On Monday, Norwegian Cruise Line Holdings (NYSE: NCLH) followed in the footsteps of rival Carnival Corporation (NYSE: CCL), announcing that despite the U.S. Centers for Disease Control and Prevention (CDC) permitting cruise lines to resume sailing in November, Norwegian will in fact delay any resumption of operations by another month. The company says it won't set sail from U.S. ports before December.
This news cost Norwegian stock a couple of percentage points yesterday, but today the shares are taking back those losses -- and more. In fact, Norwegian isn't alone in being up today (6.6% as of 10:50 a.m. EDT). Carnival is up nearly as much (6.4%), and Royal Caribbean (NYSE: RCL) is rising even more -- up 6.8%.
The question is, why?
Source Fool.com
