Why Norwegian Cruise Lines Surged in February, Only to Retreat Again in March

2026-03-08 12:35:00 ET

Shares of Norwegian Cruise Lines (NYSE: NCLH) rallied 12.9% in February, according to data from S&P Global Market Intelligence .

Norwegian got a boost last month after activist hedge fund Elliott Management disclosed a near-10% stake in the company and published a presentation outlining how it could improve its results.

Investors initially responded positively to the prospect of needed changes; however, the stock has since fallen back to levels even below where it began February, following last week's fourth-quarter earnings release and the outbreak of war in Iran.

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