Why Norwegian Cruise Line Holdings Stock Dropped 5% This Morning
Shares of cruise line stock Norwegian Cruise Line Holdings (NYSE: NCLH) dropped 5% in early trading Thursday before climbing back to a still disappointing 3.2% loss as of 1 p.m. EDT.
There's no obvious news to explain today's drop. Actually, the most obvious news item in cruise land is of the positive sort: This morning, investment bank Berenberg raised its price target on Norwegian rival Royal Caribbean (NYSE: RCL) to $60 a share.
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Source Fool.com
