Why Cruise Line Stocks Jumped on Monday
Shares of cruise line stocks had a great start to the week, with the industry climbing by the high single digits in trading on Monday. Shares of Carnival (NYSE: CCL) (NYSE: CUK) were up as much as 7.7%, Royal Caribbean (NYSE: RCL) was up 5%, and Norwegian Cruise Line Holdings (NYSE: NCLH) rose 4.8% at its peak. At the close of trading, the stocks were up 3.9%, 1.9%, and 0.8%, respectively.
The jump in shares was impressive given that the market overall was flat and the biggest mover was oil (an expense for cruise lines), rising 1.9%. But cruise line shares were still up, and there are a few reasons.
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Source Fool.com
