Cruise ship stocks take double-digit dives to multiyear lows

Cruise ship stocks take double-digit dives to multiyear lows

Shares of cruise ship operators took double-digit dives Thursday to their lowest closes in years, as the global spread of the coronavirus fueled fears of a drop in travel demand. Royal Caribbean Cruises Ltd.’s stock plummeted 17.1% to $65.78, to suffer the biggest one-day drop since Jan. 30, 2009. Carnival Corp. shares tumbled 14.1% to $27.87. And shares of Norwegian Line Holdings Ltd. sank 13.4%.

Clara
Clara
Adam Marceau
Adam Marceau 3 weeks

yeah that's not the end either the more this spreads the lower it will go which is weeks if not months from ending this pandemic

Dank Duck
Dank Duck 4 weeks

I'm really surprised how their shares has not fallen any more already. Only around 15% dip? At the very least their revenue should have dropped 25%, and losing more as time goes on. This trend will carry on well into summer. There's going to be a market shake down of a lot of these companies by the end of the year.

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