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Why Cruise Stocks Are Under Water Today – Motley Fool

The surge in COVID-19 cases in Europe and the U.S. has investors concerned about the cruise industry recovery.



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What happened
Shares in cruise line stocks are off by more than 8% today after more than 80,000 new COVID-19 cases on Friday marked a daily record in the U.S. and new restriction measures were being reimplemented as cases also surge in parts of Europe. 
As of 11:30 a.m. EDT, shares of Carnival(NYSE:CCL)(NYSE:CUK) and Norwegian Cruise Line Holdings(NASDAQ:NCLH) are both down more than 8%, and Royal Caribbean(NYSE:RCL) is down 10%. 
So what
Cruise operators have been planning to restart operations…

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