Why Norwegian Cruise Line's Stock Is Trading Lower Today

Norwegian Cruise Line NCLH shares are trading lower on Friday after the company announced the pricing of its 16.7 million shares common stock offering at $15 per share.

Norwegian Cruise Line is the world's third-largest cruise company by berths (at nearly 60,000), operating 28 ships across three brands (Norwegian, Oceania, and Regent Seven Seas), offering both freestyle and luxury cruising. With nine passenger vessels on order among its brands through 2027, Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to more than 450 global destinations.

Norwegian Cruise Line shares were trading down 2.21% at $15.26 on Friday at the time of publication. The stock has a 52-week high of $59.78 and a 52-week low of $7.03.