Cruise Stocks Easily Outpace Market Rise on Monday

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

Cruise Industry News Email Alerts

 

EMAIL NEWSLETTER

Get the latest breaking cruise newsSign up.

CRUISE SHIP ORDERBOOK

62 Ships | 142,732 Berths | $46.7 Billion | View

New 2024 Drydock REPORT

Highlights:

  • Mkt. Overview
  • Record Year
  • Refit Schedule
  • 120 Pages
  • PDF Download
  • Order Today
New 2024 Annual Report

Highlights:

  • 2033 Industry Outlook 
  • All Operators
  • Easy to Use
  • Instant Access
  • Order Today