Why Norwegian Cruise, Carnival Corporation, and Royal Caribbean Stocks All Sank Monday

Why Norwegian Cruise, Carnival Corporation, and Royal Caribbean Stocks All Sank Monday

Cruise line stocks are tanking as the trading week gets under way. As of noon EST Monday, shares of Norwegian Cruise Line Holdings (NYSE: NCLH) are down 4%, Carnival Corporation (NYSE: CCL) (NYSE: CUK) is down 5.9%, and Royal Caribbean (NYSE: RCL) is down an even 6%. This morning, the world's biggest publicly traded cruise line announced a new slew of "ship-specific cruise cancellations and movements."