Here is the article.
Here are highlights:
- Last 5 trading days, -12.4%
- S &P moves down -2.8%
- It takes longer than expected for the cruise industry
Cruise operator Norwegian Cruise Line Holdings’ stock (NCLH) has fallen nearly -12.4% in the last 5 trading days, which is a much sharper decline compared to the S&P 500 which moved down -2.8%. What is driving down the stock? The simple answer is - it may take longer than expected for the cruise industry to get back on its feet. Why do we say that? There are indicators such as a fresh wave of infections in key European markets and rival Carnival Cruises disposing of higher than expected ship capacity. So what happens next? Does this move suggest further downside or is this a good time to buy? We think that while in the short run the stock may fall, it is likely to be a good long-term bet considering current levels.
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