Norwegian Cruise Line Holdings Shares Sink and FuelCell’s Stock Has Doubled in The Past Four Days
Norwegian Cruise Line Holdings
Cruise companies have been among the worst hit by the effects of the pandemic. On Wednesday, most of the sector seemed to be doing just fine except for one: Norwegian Cruise Line Holdings.
Norwegian Cruise shares fell a total of 7.25% by the end of the trading session. This came after the company announced that it has plans to sell 40 million new shares at $20.80 each. If successful, this sale will raise around $832 million for the struggling cruise line.
FuelCell stock has been rallying hard. Despite having no recent and notable news releases, the stock managed to more than double in the past four days. On Friday, the stock went up 11.3%. On Monday, the stock popped off with 31.4% in gains by close.
The story doesn’t end there. In the last two trading sessions (Tuesday and Wednesday), the stock was up a combined 33.78%. With no press releases to explain the rise, all that can be said is that each of these days has locked in some serious trading volume.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.