Why Carnival and Norwegian Cruise Line Sank Today
Shares of Carnival (NYSE: CCL) (NYSE: CUK) fell for the fourth consecutive time on Thursday. They declined in excess of 1.5% -- a steeper fall than the S&P 500 index, which was having a particularly tough day.
Fellow sailor Norwegian Cruise Line Holdings (NYSE: NCLH) also slipped. These movements were likely affected by a new research report on the cruise industry.
Morgan Stanley analyst Jamie Rollo authored a report that was a good news/bad news take on the sector, with an accent on the latter.
Source Fool.com
