Norwegian Cruise Line Stock Is Diving: What's Going On?


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Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) shares are trading about 4.3% lower at $11.30 per share amid overall market weakness. Walmart Inc's (NYSE:WMT) guidance cut has weighed on discretionary stocks in today's session.

What Happened?

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Walmart Monday revised its quarterly and full-year profit guidance and said that inflation is impacting consumer sending patterns. This shift in consumer spending is causing inventory to stay on shelves longer and forcing retailers to implement markdowns... Read More

Why it Matters

The broader market, including market indexes, are also lower after Walmart cut its second-quarter and FY23 guidance amid rising inflation, which has caused broader concerns over economic health and consumer spending. Traders and investors continue to weigh economic data and the possibility of a recession.

According to data from Benzinga Pro, Norwegian Cruise Line has a 52-week high of $29.45 and a 52-week low of $10.31.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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