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Sept. 30, 2022, 11:27 a.m. EDT

Norwegian Cruise, Royal Caribbean stocks fall, but are holding up much better than Carnival's

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By Tomi Kilgore

Shares of Norwegian Cruise Line Holdings Ltd. /zigman2/quotes/204183397/composite NCLH -2.35% dove 12.3% in morning trading Friday, and were the second-worst performer in the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.73% , in the wake of rival cruise operator Carnival Corp.'s /zigman2/quotes/202325446/composite CCL -1.77% disappointing fiscal third-quarter results. Carnival's stock was the S&P 500's worst performer, tumbling 17.9% toward a 30-year low, after the company reported a much wider-than-expected quarterly loss and extended its streak of revenue misses to 10 quarters. Meanwhile, Norwegian Cruise's stock was only falling toward an 8-week low, and was still 56.5% above its post-pandemic closing low of $7.77 on March 18, 2020. Royal Caribbean Corp.'s stock /zigman2/quotes/208854639/composite RCL -1.54% slumped 9.2% on Friday toward a six-week low, and was 77.4% above its March 18, 2020 closing low of $22.33.

/zigman2/quotes/204183397/composite
US : U.S.: NYSE
$ 15.35
-0.37 -2.35%
Volume: 11.72M
Dec. 9, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.62 billion
Rev. per Employee
$109,858
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/zigman2/quotes/210599714/realtime
US : S&P US
3,934.38
-29.13 -0.73%
Volume: 0.00
Dec. 9, 2022 5:18p
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/zigman2/quotes/202325446/composite
US : U.S.: NYSE
$ 8.87
-0.16 -1.77%
Volume: 37.56M
Dec. 9, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$11.23 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208854639/composite
US : U.S.: NYSE
$ 56.21
-0.88 -1.54%
Volume: 2.01M
Dec. 9, 2022 4:03p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$14.57 billion
Rev. per Employee
$84,927
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