Compared to pre-pandemic prices, Norwegian Cruise Line stock still has a lot of catching up to do.
Oh, what a difference a few months can make. Five years ago, Norwegian Cruise Line (NCLH 2.31%) stock sailed along and the travel market seemed entirely secure.
Then, the COVID-19 pandemic struck and cruise activity came to a standstill. Now, in mid-2024, investors can see Norwegian Cruise Line’s recent progress — yet, for various reasons, the share price is nowhere near a full recovery.
What happened to $1,000 invested in Norwegian Cruise Line stock?
So, let’s say you were unfortunate enough to invest $1,000 in Norwegian Cruise Line stock five years ago, when it traded at around $49. If the share price is roughly $19 now, this represents a 61% decline.
Thus, your $1,000 investment would currently be worth around $390. Clearly, it’s been rough sailing amid the choppy waters of the…
