Why Norwegian Cruise Line Stock Recovered Today
Shares of Norwegian Cruise Line (NCLH +6.31%) rose on Monday after oil prices retreated from their highs.By the close of trading, Norwegian's stock price was up more than 6%. Welcome relief Fuel is typically one of the largest expenses for cruise ship operators. It therefore comes as no surprise that Norwegian's stock price took a hit in recent weeks, as oil prices surged amid intensified conflict in the Middle East.Additionally, consumers tend to pull back on vacations and other discretionary spending when ...