2023-11-20 11:30:00 ET
Cruise line stocks stormed back into investor fancy earlier this year, but they have corrected sharply since their summertime highs. Norwegian Cruise Line (NYSE: NCLH) stock is now down 36% since hitting a high-water mark in late July.
Its larger publicly traded peers have held up better. Carnival Corp. and Royal Caribbean Cruises are down just 24% and 7% respectively from their summer peaks. Norwegian has come through with a 22% stock increase in 2023, but Royal Caribbean shareholders have seen their shares more than double this year.
There are some legit reasons for Norwegian being a laggard among its fellow seafarers, but there's also a case to be made for it leading the way from here. The country's third-largest cruise ship operator can pop tenfold in the coming years if it catches the right waves along the way. Let's hop aboard to take a closer look.
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Norwegian Cruise Line Stock Is Beaten Down Now, but It Could 10X