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Tag: RCL

Cruise line stocks have heavy losses today June 24, 2020

Cruise line stocks

Cruise line stocks get a lot of intention due to the coronavirus crisis. People ask many questions about cruise line stocks, cruise stocks.

Are cruise line stocks a good investment?

Will Norwegian Cruise Line stock bounce back?

Why is NCLH stock dropping?

Which cruise line will bounce back?

How much is Carnival Cruise Line stock right now?

Cruise line stocks today

At 12:41 PM, ET time today Norwegian Cruise Line Holdings Ltd. (NCLH) stock is down more than 12%, at 15.77-2.26 (-12.53%). Royal Caribbean Cruises Ltd. (RCL) stock is down more than 11% with a stock price of 48.28-6.08 (-11.18%).

At 12:42 PM, ET time today Carnival Corporation & Plc (CCL) stock is down more than 10% having a stock price of 16.11-1.89 (-10.49%).

Stock market data: Yahoo Finance

News that coronavirus cases have increased on some US stated and also globally have a negative impact on cruise lines today.

Cruise stocks rally to extend recent rocket ride

Cruise stocks continue to rise

“Shares of cruise operators rallied again Wednesday, with Royal Caribbean Cruises Ltd. rcl leading the way higher in afternoon trading. Royal Caribbean’s stock ran up 10.4%, after rocketing 37.6% the over the previous two days; Carnival Corp. shares ccl surged 5.0 after soaring 41.8% over the previous three sessions; and Norwegian Cruise Line Holdings Ltd.’s stock nclh hiked up 4.6% after shooting 31.1% higher the previous three sessions. The gains comes as the S&P 500 spx rallies 3.0%. Instinet analyst Harry Curtis said based on his new cash burn and recovery forecasts for the cruise industry through 2023, he believes all three companies have enough liquidity and borrowing capacity to survive near-zero revenue through the first quarter of 2021. “Many times we’ve been asked about bankruptcy, and we believe it to be low,” Curtis wrote in a note to clients. He expects a “modest” recovery for the industry to begin in the second half of 2020, with the first quarter of 2021 the possible “turning point.” Curtis said there may be 70% to 90% upside in the stocks over the next three years.”

Stock market data:

Cruise stocks today

Royal Caribbean Cruises Ltd. (RCL) stock: 37.15,+3.64,+10.85%

Carnival Corp.(CCL) stock: 11.90,+0.60 +5.31%

Norwegian Cruise Line Holdings Ltd. (NCLH) stock: 11.63,+0.615,+5.59%

All stock quotes are taken from Marketwatch 15-20 minutes before the close today.