Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Fell in December

What happened

Shares of the major cruise ship operators Carnival (NYSE: CCL) , Royal Caribbean (NYSE: RCL) , and Norwegian Cruise Line (NASDAQ: NCLH) all trailed the market last month. Each lost at least 13%, while the the S&P 500 slumped 9%, according to data provided by S&P Global Market Intelligence .

Those declines put each stock at a 52-week low, with 2018 losses standing at 18% for Royal Caribbean, 20% for Norwegian Cruise Line, and 26% for market leader Carnival. That compares with a broader market that shed 6% for the year.

Image source: Getty Images.

So what

None of these companies is struggling to meet sales projections these days. On the contrary, Royal Caribbean is expecting a record fiscal…

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