Why Carnival, Norwegian Cruise Line, and Royal Caribbean Stocks Bounced Back Today
Bad news: Late-breaking reports that the omicron variant of COVID-19 had arrived on U.S. shores shook up cruise line investors on Wednesday, sending shares of Carnival (NYSE: CUK) (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) tumbling after what had initially looked like it was going to be a "green" sort of a day.
Good news: As the shock wears off, all three cruise line stocks are recovering today. As of 11:40 a.m. ET, Carnival shares are back up 6.2%, with Royal Caribbean and Norwegian not far behind with gains of 5% and 4.7%, respectively.
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Source Fool.com
