Why Cruise Line Stocks Popped, Then Dropped on Monday

Over the weekend, it was two steps forward, one step back for cruise line stocks such as Carnival (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH). You're seeing the effects of that this morning, as shares of all three surged in the early morning, only to fall back and give up most of their gains as the morning wore on.

At 11:05 a.m. EDT on Monday, shares of Norwegian Cruise were holding on to a 2% gain, and both Carnival and Royal Caribbean were up a bit more than 1%. But earlier today, it was looking like Carnival and Norwegian, at least, might surge past 5%, with Royal Caribbean not far behind.

Image source: Getty Images.

Source Fool.com