Stock Alert: Norwegian Cruise Line Down 11%

(RTTNews) - Norwegian Cruise Line Holdings Ltd. (NCLH) shares are sliding more than 11 percent on Thursday.

The company today announced a $250-million stock offering in a syndicate deal. The company, which is hard hit by the COVID-19 pandemic, expects to use the proceeds from the offering for general corporate purposes. The shares are trading at $16.44, down 11.16 percent from the previous close of $18.50. The stock started to fall since February as cruise ships had to stop sailing due to the pandemic.

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