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Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Sank Today

Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Sank Today

Cruise ship stocks fell on Monday following news of major sporting event cancellations. Carnival's two stocks, Carnival Corporation (NYSE: CCL) and Carnival Plc (NYSE: CUK), also declined by more than 7%. Major League Baseball (MLB) postponed some games after multiple Miami Marlins players contracted COVID-19.