Why Cruise Line Stocks Jumped Again on Tuesday

Rich Smith, The Motley Fool
·3 min read
Why Cruise Line Stocks Jumped Again on Tuesday

Fresh off their vaccine-fueled share price rally Monday, cruise line stocks set sail again on Tuesday, with shares of Norwegian Cruise Line Holdings (NYSE: NCLH), Royal Caribbean (NYSE: RCL), and Carnival Corporation (NYSE: CCL) rising 5.1%, 6.1%, and 9%, respectively, in 11:40 a.m. EST trading. Carnival intends to use the proceeds of this stock sale to repurchase $90.8 million in debt from said lender, pushing its own bankruptcy fears a bit further into the future.