Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Surged Today

Cruise ship stocks jumped on Wednesday following positive news on the COVID-19 front.

As of 3:30 p.m. ET, shares of Norwegian Cruise Line Holdings (NYSE: NCLH), Royal Caribbean (NYSE: RCL), and Carnival (NYSE: CCL) (NYSE: CUK) were up 8%, 5%, and 5%, respectively.

Pfizer (NYSE: PFE) said early data from its laboratory studies suggest that a third dose of its vaccine can help to protect against the Omicron variant. The drugmaker reported that a booster shot increases the level (or titer) of neutralizing antibodies by 25-fold, which could provide a similar level of protection against this latest coronavirus mutation as two doses of its vaccine do against the original strain of the virus.

Continue reading


Source Fool.com