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Why Carnival, Norwegian Cruise Line, and Royal Caribbean Were Soaring Monday Morning

Why Carnival, Norwegian Cruise Line, and Royal Caribbean Were Soaring Monday Morning

Shares of cruise line operators Carnival (NYSE: CCL), Norwegian Cruise Line (NYSE: NCLH), and Royal Carribbean (NYSE: RCL) were all soaring by double-digit rates Monday morning. Carnival opened 11% higher today and Norwegian and Royal were up 15% each. A series of positive developments inspired hope among cruise ship investors that the worst may be behind the industry and they could extend their rally for a third consecutive trading day.