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Why Cruise Line Stocks Jumped on Monday

·3 min read
Why Cruise Line Stocks Jumped on Monday
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Shares of cruise line stocks had a great start to the week, with the industry climbing by the high single digits in trading on Monday. Shares of Carnival (NYSE: CCL) (NYSE: CUK) were up as much as 7.7%, Royal Caribbean (NYSE: RCL) was up 5%, and Norwegian Cruise Line Holdings (NYSE: NCLH) rose 4.8% at its peak. The jump in shares was impressive given that the market overall was flat and the biggest mover was oil (an expense for cruise lines), rising 1.9%.