It's Thursday, and it looks like cruise ship stocks are cruising for another bruising. An ill-timed insider stock sale at Norwegian Cruise Line Holdings (NYSE: NCLH), combined with a negative analyst note, torpedoed shares of the U.S.-based cruiser -- and took shares of Carnival (NYSE: CCL) and Royal Caribbean (NYSE: RCL) down with it. As of 11:05 a.m. EST today, shares of Carnival are sinking 3%, and Royal Caribbean is diving 4.3%.
Top trending Yahoo Finance tickers for Tuesday, November 15, 2022.
Down 24.5% year to date, Royal Caribbean (NYSE: RCL) hasn't escaped the impact of the 2022 bear market -- a cocktail of high inflation and rising interest rates that's battering the stock market in the wake of the COVID-19 pandemic. Let's discuss three reasons achieving Royal Caribbean's ambitious goal will be easier said than done. While Royal Caribbean is bouncing back from the worst of the coronavirus pandemic, there is still work to be done.