Why Norwegian Cruise, Carnival Corporation, and Royal Caribbean Stocks All Just Slumped
On Nov. 1, 2020, the U.S. Centers for Disease Control and Prevention's no-sail order ended.
Prior to that, on Friday, Oct. 30, the CDC announced a new "framework for conditional sailing order" to guide cruise lines as they prepare to resume carrying passengers to sea. Investors' immediate reaction to the news was positive, and cruise ship stocks jumped on Friday. But today in early trading, shares of Norwegian Cruise Line Holdings (NYSE: NCLH) stock are down 4.5%, Carnival (NYSE: CCL) (NYSE: CUK) shares have shed 2.2%, and even Royal Caribbean (NYSE: RCL) stock is off 1.1%.
One of these three cruise line companies just suspended cruises again. Expect the others to follow. Image source: Getty Images.
Source Fool.com
