Why Cruise Operators Are Sailing Higher Today
Shares of struggling cruise operators including Royal Caribbean Cruises (NYSE: RCL), Norwegian Cruise Line Holdings (NYSE: NCLH), and Carnival (NYSE: CCL) (NYSE: CUK) jumped higher today after an analyst weighed in on the sector.
Norwegian rose as much as 11%, Royal Caribbean 7%, and Carnival 8% before each settled down to slightly lower gains as of noon EDT.
The industry continues to be severely impacted by COVID-19 restrictions, but Barclays' analyst Felicia Hendrix upgraded the sector today, saying she thinks the industry is nearing an "inflection point."
Source Fool.com
