Why Carnival Corporation, Royal Caribbean, and Norwegian Cruise Line Stocks Recovered Today

1 min read

Disheartened by Congress’ failure to include support for the beleaguered cruise industry in its $900 billion stimulus bill passed Monday, investors sold off shares of all three major publicly traded cruise line stocks — Royal Caribbean (NYSE: RCL), Carnival Corporation (NYSE: CCL)(NYSE: CUK), and Norwegian Cruise Line Holdings (NYSE: NCLH) — yesterday. But today, investors are having a change of heart.

As of 11:15 a.m. EST, Royal Caribbean shares are back up 3.5% and have recovered all their losses from Tuesday (and even a bit more). Both Carnival and Norwegian Cruise are nearly back to where they were at Monday’s close — and are gaining 6.3% apiece today.

Image source: Getty Images.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

Why Magnite Stock Is Up Sharply Again Today

Next Story

Why Shares of Fly Leasing Are Soaring Higher Today

Latest from Blog