NCL stock price dropped 10% in a week?

NCL was at $55 per share on 5/2.

NCL reported quarterly results on 5/2.

profits rose 67% and They beat estimates.

Today (5/7), it's at $50.xx.

Why the drop in stock price?

NCL was at $55 per share on 5/2.

NCL reported quarterly results on 5/2.

profits rose 67% and They beat estimates.

 

Today (5/7), it's at $50.xx.

Why the drop in stock price?

Why do the prices for cabins change?

Supply and demand . . . :confused:

Just a guess but uncertainty about interest rates direction and inflation could be the cause

We also own CCL Stock and it is also taking a hit despite good results.

I thought NCL was a private company?

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Who knows. Could just be some profit taking by institutional investors. The markets in general are not having a great time right now. January was great and then we get to early May and we're about back to beginning of the year levels.

Cost of fuel has increased almost 30%. Drive up their cost.

I thought NCL was a private company?

 

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NCL is a publically traded stock. Google NCLH for more information.

NCL was at $55 per share on 5/2.

NCL reported quarterly results on 5/2.

profits rose 67% and They beat estimates.

 

Today (5/7), it's at $50.xx.

Why the drop in stock price?

That's pretty common for most stocks -- good expected earnings are usually factored into the stock price before the news hits, and after the announcement there's often a sell off as people take their profits. Anything specific for NCLH would have come out in their earnings call.

I thought NCL was a private company?

 

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Years ago perhaps .

Now NCLH (Norwegian Cruise Line Holding )

Own 100 Shares to receive OBC on most every NCL booking.

Now NCLH (Norwegian Cruise Line Holding )

Own 100 Shares to receive OBC on most every NCL booking.

yeah, im waiting for it to drop to it's 52week low ($48) then i'll buy 100 shares for the obc benefit

It is not just NCL, Carnival is also taking a hit currently trading at around 62.60 per share.

If the same phenomenon is happening in several Cruising companies, it is because the market is foreseeing that the profits are going down, because I dare to predict a lower demand for this type of vacation.

If the same phenomenon is happening in several Cruising companies, it is because the market is foreseeing that the profits are going down, because I dare to predict a lower demand for this type of vacation.

27 new cruise ships are coming out this year with 50+ more in the pipeline. :o

(although some of the ships are river ships, and not ocean)

https://www.cnbc.com/2018/05/06/this-cruise-ship-is-trying-to-beat-out-carnival-and-royal-caribbean.html

Years ago perhaps .

 

Now NCLH (Norwegian Cruise Line Holding )

Own 100 Shares to receive OBC on most every NCL booking.

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NCL, RCCL, and Carnival have all been hit.

This is normal. Stock market has been quite volatile lately.

Asking for stock market advice on a cruise board? OK..............

Asking for stock market advice on a cruise board? OK..............

You should know by now CC has your back.

what is the obc with stock???

what is the obc with stock???

http://www.nclhltdinvestor.com/static-files/23c8691e-2da7-4595-b132-a6ad137cf7f6

Thanks!

Cost of fuel has increased almost 30%. Drive up their cost.

This was an interesting interview with FDR talking about why the stock has been down despite a good earnings report.

https://www.thestreet.com/video/norwegian-cruise-line-ceo-thinks-wall-street-is-being-irrational-14579525?puc=yahoov&cm_ven=YAHOOV&yptr=yahoo

What was/is the ex-div date?

ncl doesnt do div

and ncl dropped 6% today to $48.xx.

52 week low :o