Why Cruise Line Stocks Plunged Again on Monday
Shares of cruise line stocks had another rough day on Monday as the market worried they may not come out of the COVID-19 crisis. Carnival Corp (NYSE: CCL) fell as much as 18.7% in early trading and is down 10.9% at 2:30 p.m. EDT. Royal Caribbean Cruises Ltd (NYSE: RCL) was down 17.9% mid-day and is now down 15.9%. Norwegian Cruise Line Holdings (NYSE: NCLH) fell as much as 18.3% and is now down 12.2%.
Last week, cruise companies found out they wouldn't be eligible for the first round of stimulus funds, making their turnaround much harder, and over the weekend the news didn't get any better.
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Source Fool.com
