Connect with us

Business

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.

Published

on

post featured image

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…

Click here to view the original article.