Awful Monday As Cruise Line Stocks Tank With Market

Norwegian Escape in Azores (Photo: Antonio Simas)

Cruise line stocks were well down and further down the rest of the stock market on Monday, as recession fears and the ongoing Russia/Ukraine war continued to impact global markets.

For the three major cruise corporations, Monday was a day to forget, with fresh 52-week lows.

Carnival Corporation: Carnival Corporation closed at $14.14, dipping 11.18 percent from its opening price. It’s down from a 52-week high of $31.52, and dipped as low as $14.05 during the day.

Royal Caribbean Group: Coming off a positive first quarter call, Royal Caribbean Group could not escape Monday’s turmoil, closing at $61.40 and down from a 52-week high of $98.27. also hitting its one year low during the day at $61.16

Norwegian Cruise Line Holdings: Setting the stages for the company’s Tuesday morning earnings release and conference call, NCLH stocks tumbled to a day low of $14.90 before closing at $15.95. Some good news, however, is that the company’s namesake brand has its full fleet back in operation with 17 ships cruising globally. The 52-week high for NCLH is $33.95.

Lindblad Expeditions: Also fresh off a strong earnings call with positive momentum last week, Lindblad dipped to $11.29 during the day, compared to its 52-week low of $11.19 and high of $19.13. The stock closed at $11.35.

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