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Why Cruise Stocks Sank Again on Thursday

TheMotleyFool

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Why Cruise Stocks Sank Again on Thursday

Shares of cruise stocks plunged again on Thursday as COVID-19 coronavirus fears continue to weigh on stocks. Norwegian Cruise Line Holdings (NYSE: NCLH) dropped as much as 11.4%, Carnival (NYSE: CCL) plunged 12%, and Royal Caribbean Cruises (NYSE: RCL) dropped as much as 14.7%.

These three stocks have now lost more than a third of their value over the past month as it's become clear that the coronavirus is going to be a big drag on earnings in 2020.