Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Rose Today
Cruise ship stocks rallied on Monday, as optimism for COVID-19 vaccines and treatments rose. By the close of trading, shares of Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) were up 6.7%, 7.3%, and 10.4%, respectively.
A flurry of encouraging coronavirus-related developments in recent days likely contributed to the gains in cruise ship stock prices.
On Friday, Moderna (NASDAQ: MRNA) announced the commencement of its phase 2 study for its COVID-19 vaccine, mRNA-1273. Moderna's experimental drug produced promising preliminary phase 1 results, released on May 18, and the biotech company has been ramping up its manufacturing capabilities so as to be capable of producing large scale quantities of the vaccine should it prove safe and effective.
Source Fool.com
