Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Floated Higher on Tuesday
Shares of America's cruise lines surged higher in Tuesday trading, with Carnival (NYSE: CCL) (NYSE: CUK) rising 4.5%, Royal Caribbean (NYSE: RCL) racing ahead 4.8%, and Norwegian Cruise Line Holdings (NYSE: NCLH) up by 5.5% on the day. You can probably thank Deutsche Bank for that.
Image source: Getty Images.
The only news from these stocks over the past couple of days has been of the "bad, but expected" variety. On Monday, Carnival announced that it is extending its pause on sailing through Sept. 30, and will only resume operations by Oct. 1 at the earliest. Today, Royal Caribbean made a similar statement, suspending "most sailings ... excluding sailings from China" through Sept. 15, and suspending trips to Bermuda through the end of October.
Source Fool.com
