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Why Carnival, Royal Caribbean, and Norwegian Cruise Line Shares All Jumped on Thursday

TheMotleyFool

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Why Carnival, Royal Caribbean, and Norwegian Cruise Line Shares All Jumped on Thursday

Shares of cruise line stocks snapped back on Thursday after plunging dramatically on Tuesday following a warning by Norwegian Cruise Line Holdings (NYSE: NCLH) that it had substantial doubt it could continue as a "going concern."

For today, Carnival (NYSE: CCL) shares were up as much as 7.2% before closing 5.5% higher. Royal Caribbean (NYSE: RCL) jumped 7.9% before closing 5.4% higher. And Norwegian Cruise Line was up 12.4% before closing 8% higher. As much as the news looked positive today, shares are all down sharply over the past week, and it's that decline over the long term that investors should focus on.