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Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Sank Today

Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Sank Today

Cruise-ship stocks gave up some of their recent gains on Thursday. Shares of Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) fell 7.6%, 4.8%, and 8.6%, respectively. Many travel-related companies saw their stock prices rally as the markets resumed trading after Memorial Day weekend.