Trading on Monday was lower due to concerns about problems in the Middle East and the Strait of Hormuz. The Dow Jones was the hardest hit, down 1.13% on the day, followed by the S&P 500 (-0.41%) and the Nasdaq Composite (-0.19%). More Barchart news The resulting red across the board led many well-known names…
Norwegian Cruise Line Holdings Ltd. (NCLH), headquartered in Miami, Florida, operates as a cruise company in North America and internationally. The company has a market capitalization of $9.1 billion and offers its products and services under the brands Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Companies with a market capitalization between $2…
Shares of Norwegian Cruise Line (NCLH) rose noticeably on Tuesday after Elliott Investment Management announced a more than 10% stake in the cruise line. The activist investor identified years of strategic misjudgment, inconsistent execution, inadequate cost discipline, and repeated failures in guidance as major impediments to value creation. Despite today’s rise, Norwegian stocks are down…
