Bank of America (BOFA) reported that cruise pricing was modestly softer in early June compared to May, with 40% of itineraries showing softer pricing. This news has led to a decline in cruise stocks, including $RCL, $CCL, and $NCLH, as investors react to concerns about the industry's pricing power weakening.
Carnival’s stock leads the S&P 500’s losers as BofA raises a pricing concern https://t.co/aLWD99EQAb
$RCL $CCL $NCLH Pricing power in weakening 🚨 RCL and CCL are sitting on massive debt accumulated during COVID. Not surprised - seeing more and more publicity and flyers in the mail... https://t.co/DYAlllAxaE
Cruise stocks fall as BofA sees modest softness in prices https://t.co/mGybyJekGd https://t.co/4zEoT9aPDW
Cruise ship stocks are falling after concerns emerged that the industry’s pricing power is weakening https://t.co/8eXX1dynMn
Carnival and Norwegian Stocks Are Sinking the S&P 500. Pricing May Be an Issue. https://t.co/HCW6HGpHtX
Makes sense as to why $CCL $RCL are down per sell side comments quite different that BOFAs bullish note this AM https://t.co/MF7CcjHIlI
Not a great sign right before the summer vacation season. Cruise lines are selling off today as well. https://t.co/E3YKxoCQTa https://t.co/g7r6bmElp9
Why are investors hammering travel stocks all of the sudden today? $UAL -5% $DAL -4% $NCLH -8% $CCL -9% $PENN -9% $CZR -5%
BofA says cruise pricing for ocean markets is softer in June... $RCL $CCL $NCLH "Based on cruise prices pulled in early June, there was modestly softer pricing in ocean markets relative to early May. On a sequential basis, 40% of itineraries had softer pricing compared to 33% in…
is this why cruise stocks down? BOFA: CRUISE PRICING WAS `MODESTLY SOFTER' IN EARLY JUNE VS MAY or is it the Greece thing? (or both)
*BOFA: CRUISE PRICING WAS `MODESTLY SOFTER' IN EARLY JUNE VS MAY $RCL $CCL $NCLH