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Why Carnival, Norwegian Cruise Line, and Royal Caribbean Stocks Hit the Rocks Today

·2 min read
Why Carnival, Norwegian Cruise Line, and Royal Caribbean Stocks Hit the Rocks Today
In this article:
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  • CUK
  • NCLH
  • RCL

Investors' holiday cheer received a rude interruption on Thanksgiving Day 2021: In South Africa, a new coronavirus variant is rising -- and it's terrifying investors with fears of a prolonged cruise industry recession. Shares of Carnival Corporation (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) sank in quick succession as of 10:10 a.m. ET today, falling 10%, 10.2%, and 10.3%, respectively. Initially detected in South Africa, reports CNN, the virus has also popped up in neighboring Botswana and in Hong Kong (carried there apparently by a traveler from South Africa).