Norwegian’s Shares Drop to 52 Week Low

Norwegian Cruise Line has seen its stocks drop today to their lowest level over the past 52 weeks. At press time, they were trading for $36.86, up slightly from the low of $36.78. The 52-week range is from $36.78 to $64.27.

Norwegian lowered its 2017 earnings guidance on its Aug. 10 conference call.

Trading at $71.04 at press time, Royal Caribbean Cruises has recovered somewhat from its Aug. 2 earnings call when the shares dropped and closed at $67.35 for the day, from closing at $71.86 on Aug. 1. The 52-week range has been from a low of $64.21 to a high of $103.40.

Royal Caribbean Chairman and CEO Richard Fain subsequently bought 29,190 shares at $68.51 on Aug. 3 that sent the shares up, closing at $73.30 on Aug. 4 and $74.48 on Aug. 5, before retreating.

According to SEC filings, Lisa-Lutoff Perlo, president and CEO of Celebrity Cruises, sold 6,790 shares at $74.46 on Aug. 5 and Michael Bayley, president and CEO of Royal Caribbean International, sold 12,183 shares on Aug. 11 at $71.07.

Carnival Corporation has been the steadiest performer for the month, closing at $46.71 on Aug. 1 and trading for $47.29 at press time. The 52-week range is from $40.52 to $55.77.

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