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Why Carnival Corporation, Norwegian Cruise Line, and Royal Caribbean Stocks Just Crashed Again

Why Carnival Corporation, Norwegian Cruise Line, and Royal Caribbean Stocks Just Crashed Again

After sinking steadily through the tail end of last week, shares of cruise industry marquee stocks Carnival Corporation (NYSE: CCL) (NYSE: CUK), Norwegian Cruise Line Holdings (NYSE: NCLH), and Royal Caribbean (NYSE: RCL) are down again in early Monday trading, falling 6%, 7.5%, and 8.3%, respectively, through 10:30 a.m. EDT. On the "good news" side of the ship, this morning, the Healthy Sail Panel, which Norwegian Cruise and Royal Caribbean set up in June to work out social distancing measures that will permit cruise ships to resume cruising safely, submitted its recommendations to the U.S. Centers for Disease Control.