Why Norwegian Cruise Line Is Sailing Higher This Week

Shares of the fourth-largest cruise operator, Norwegian Cruise Line Holdings (NYSE: NCLH), are up 11% this week as of noon ET Friday. On Tuesday, activist investing firm Elliott Management announced it had built a 10% stake in the cruise line behemoth. Given Elliott Management's solid long-term track record led by founder Paul Singer, the market moved Norwegian's shares higher on optimism for a turnaround. Can Norwegian cruise to smoother seas? After Norwegian delivered annualized total returns of 13% f ...