Why Cruise Stocks Are Sinking Today

·3 min read

A leading Wall Street analyst has raised doubts over whether one of the largest cruise ship operators could survive another demand shock like a new pandemic wave. Shares of Carnival (NYSE: CCL) (NYSE: CUK) are down 15% on Wednesday morning, while shares of Norwegian Cruise Line Holdings (NYSE: NCLH) and Royal Caribbean Cruises (NYSE: RCL) are down 10% apiece. The cruise lines were hit hard by the pandemic, and the recovery to date has been choppy.

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