Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Fell Today
Cruise ship stocks sank on Monday, as a highly contagious new coronavirus strain is forcing governments to impose new lockdowns. As of 11:30 a.m. EST, shares of Carnival (NYSE: CCL) (NYSE: CUK), Norwegian Cruise Line Holdings (NYSE: NCLH), and Royal Caribbean (NYSE: RCL) were down 4.9%, 4.5%, and 2.9%, respectively.
The new strain emerged in the U.K. in September. It's reportedly spreading 70% faster than previous versions of the virus. Over the weekend, U.K. officials enacted lockdown measures in London and much of the country's southeastern regions to slow the spread.
Surging COVID-19 case counts could lead to more voyage cancellations. Image source: Getty Images.
Source Fool.com
