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Why Royal Caribbean, Carnival, and Norwegian Cruise Line Shares Slumped Today

Why Royal Caribbean, Carnival, and Norwegian Cruise Line Shares Slumped Today

At the close today, shares of Royal Caribbean were down 3.2%, and those of Carnival and Norwegian were both off by 4.4%. Carnival's news was more optimistic, with TheFly.com reporting that Australian investment bank Macquarie has awarded a $1 price target hike to $32 on Carnival shares.