Why Cruise Line Stocks Popped Then Dropped Tuesday
Tuesday was supposed to be a good day for cruise stock investors -- but that's not how it's working out anymore.
In early trading, shares of Royal Caribbean (NYSE: RCL) climbed as much as 4.3%, while Carnival (NYSE: CCL) and Norwegian Cruise Line Holdings (NYSE: NCLH) notched gains as high as 5%.
Norwegian itself seems to have been the catalyst for the share price spikes, powering ahead on the strength of positive comments from the company's president, Harry Sommer. But confusing reports on the jobs front appear to be making investors jittery, and as we approach the noonday mark, stocks of Royal Caribbean, Carnival, and Norwegian are all now in the red.
Source Fool.com
