Why Carnival, Norwegian Cruise, and Royal Caribbean All Just Popped

For four long days, it seemed that cruise ship stocks could do no right, as shares of Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) fell steadily in price.

On Friday, however, something inexplicable happened. Investor sentiment toward the cruise industry turned around a bit. As of noon ET, shares of Carnival were up 4%, Norwegian Cruise was up 5%, and Royal Caribbean was up by 5.5%.

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Source Fool.com