With the Dow Jones dropping more than 200 points this morning, cruise stocks were see-sawing for the day and down significantly from recent highs.
In addition to the market uncertainties, a strong dollar and increasing fuel prices may be to blame.
At press time, Royal Caribbean was trading in the $66 to $67 range, up and down from yesterday, but significantly down from mid-April when it traded in the $80 range.
Carnival Corporation was trading in the $43 to $44 range, also up and down for the day, and down from the $48 range in mid-April.
Norwegian Cruise Line was trading in the $48 range, compared to $55 in mid-April. Norwegian is due to release Q1 earnings tomorrow.