Why Norwegian Cruise Line's Stock Plunged 10% Today
Shares of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) fell as much as 10.2% in trading Monday as the market's concern over coronavirus deepened. At 3:45 p.m. EST shares were still down 9.2% and showed no sign of recovering today.
Just last week, Norwegian Cruise Line said it had cancelled 40 voyages in Asia and that the coronavirus would take $0.75 from expected earnings per share in 2020, which were expected to be $5.40 to $5.60 per share. The State Department urged citizens not to take cruises in Asia and any sort of travel may come to a screeching halt across the continent.
Image source: Getty Images.
Source Fool.com
