Cruise Stocks Soar on Market Rise
Cruise line stocks surged on Thursday along with the market which went up on better-than-expected inflation reports.
Carnival Corporation saw its shares soar 14.3 per cent, closing at $9.78, compared to a 52-week low-high of $6.11 to $23.86.
Royal Caribbean saw a 9.9 per cent rise to $57.72 from a 52-week range from $31.09 to $90.55.
Norwegian Cruise Line Holdings rose 8.2 per cent to $17.09, compared to a 52-week low-high of $10.31 to $27.05
Lindblad Expeditions rose 6.5 per cent to $10.55 compared to a 52-week low-high of $5.91 to $19.13.
The Dow Jones Industrial Average had surged more than 1,000 points or more than 3% on the news that the October’s consumer price index rose only 0.4 per cent for the month and is up 7.7% from a year ago. It is the lowest monthly increase since January.
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