Cruise Stocks Easily Outpace Market Rise on Monday

Freedom of the Seas

Cruise stocks easily outpaced the market on Monday before retreating. At closing, Carnival was up 3.69 percent at $26,38. Royal Caribbean Group closed at $93.41 up 1.9 percent, but down from a mid-day high of $94.64. Norwegian Cruise Line Holdings (NCLH) was up 0.85 percent at $28.34.

The recovery stands out as it follows the pandemic, which literally crushed the cruise stocks, with Carnival dropping as low as $7.20 in April of 2020; Royal Caribbean dropped to $19.25 in March 2020 and NCLH to $7.03 in March 2020.

The closing prices as of Monday also compare favorably to the respective 52-week low-highs of $12.11-$31.52 for Carnival, $51.33-$99.24 for Royal Caribbean; and $14.77-$34.49 for NCLH.

Longer term, the target prices may be significantly higher, with an all-time high share price of $71.94 for Carnival from January 29, 2018; $135.05 for Royal Caribbean from January 17, 2020; and $63.76 for NCLH from Nov. 2, 2015.

Cruise Industry News Email Alerts

 

 

Email Newsletter

Get the latest breaking cruise news. Sign up.

Cruise Ship Orderbook

75 Ships | 169,174 Berths | $49 Billion | View

New 2022 Annual Report

Cruise Industry News Annual Report

Highlights:

100% Overview

Capacity Data

Through 2027

Regional Data

Brand by Brand

Order Today

2022 Expedition Report

2022 Expedition Market Report Cover

Highlights:

Mkt. Overview

Supply Data

All Operators

190+ Pages

PDF Download

Order Today