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Cruise Stocks Have Sunk. Only 2 Have Seen Large Insider Buys.

Carnival (ticker: CCL), Royal Caribbean (RCL), and Norwegian Cruise Line Holdings (NCLH) have seen shares take on water year to date, falling 31%, 24%, and 22%, respectively. New Royal Caribbean CEO Jason Liberty, who took the wheel in January, told us earlier this month: “For the most part, the U.S. consumer and the European consumer have regained their momentum since the beginning of the war in Ukraine.” As noted, though, among the cruise lines, only one insider at Norwegian—the smallest of the three by market value—has bought stock this year.

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