Why Norwegian Cruise Line, Expedia, and Avis Budget Stocks All Dropped Today

Why Norwegian Cruise Line, Expedia, and Avis Budget Stocks All Dropped Today

Shares of cruise and travel industry stocks shrank in end-of-week trading Friday. Car rental stock Avis Budget Group (NASDAQ: CAR) is likewise coasting downhill -- 3.4% -- marking its fifth-straight day of losses. Yesterday, Deutsche Bank kept the bad news coming on that one when it cut its price target on Avis Budget stock by $10, to $24 a share.