Why Norwegian Cruise Line Holdings Stock Just Gave Back 4%
Norwegian Cruise Line Holdings (NYSE: NCLH) investors had a pretty good day yesterday. After the cruise operator reported its financial results for Q2 2020, shares surged to close the day nearly 4% higher. But today Norwegian stock is giving back all of those gains and returning to a price actually lower than what it was worth before earnings.
Why?
As I explained in the commentary on yesterday's earnings report, investors aren't really interested in reading about Norwegian Cruise Line's earnings these days -- because they know there aren't any and there won't be any until the Centers for Disease Control and Prevention (CDC) lifts its no-sail order banning cruise ships from sailing out of U.S. ports.
Source Fool.com
