Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Are Sinking Today
Cruise ship stocks fell on Monday following a slate of bad news for the travel industry.
As of 2:45 p.m. EDT, shares of Royal Caribbean (NYSE: RCL), Norwegian Cruise Line Holdings (NYSE: NCLH), and Carnival (NYSE: CCL) (NYSE: CUK) were down 7%, 6%, and 5%, respectively.
On Friday, the Cruise Lines International Association (CLIA) announced that its oceangoing cruise line members would voluntarily extend the suspension of cruise operations from U.S. ports until Sept. 15.
Source Fool.com
