|Bid||93.28 x 1000|
|Ask||93.56 x 1000|
|Day's Range||89.27 - 94.23|
|52 Week Range||19.25 - 99.24|
|Beta (5Y Monthly)||2.87|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar. 05, 2020|
|1y Target Est||N/A|
Here's a hint: It was bad enough that Norwegian Cruise stock is down 5.7% in 12:15 p.m. EST trading -- and bad enough to drag down Carnival (4.3%) and Royal Caribbean (6.1%) right beside it. Last but not least -- and disappointingly for all cruise stock investors, I fear -- Norwegian had little to tell us about hoped-for "technical regulations" from the Centers for Disease Control and Prevention (CDC).
Tuesday morning was looking like a rough day for cruise industry investors. Carnival Corporation (NYSE: CCL) (NYSE: CUK) had just announced a new $1 billion capital raise -- on top of $3.5 billion raised just two weeks ago -- highlighting the industry's need for cash and raising new worries that the recession might not end soon. In response to bullish news that Carnival rival Royal Caribbean (NYSE: RCL) has "seen a 30% increase in new bookings since the beginning of the year when compared to November and December" (according to its CFO, Jason Liberty), Deutsche Bank suddenly said it saw "many" reasons to be optimistic, and raised its price target on Royal Caribbean stock to $79 a share.
Upwork, Royal Caribbean, and Snap have posted double-digit gains in an otherwise problematic trading week for investors.