Why Royal Caribbean, Carnival, and Norwegian Cruise Line Stocks Crashed Today
After two straight days of gains, cruise line stocks were headed back down today. Whether it's Carnival's (NYSE: CCL) 5.4% decline, Royal Caribbean's (NYSE: RCL) 5.2% slide, or Norwegian Cruise Line Holdings' (NYSE: NCLH) more modest 4% slump (all as of 1:05 p.m. EDT on Wednesday), every major publicly traded cruise line stock is sinking today. The pair of analyst price-target cuts that Royal Caribbean stock suffered on Tuesday is catching up to the cruisers today.
