Norwegian Cruise Line Shares Jump as Fuel Costs Ease and Executives Buy Stock
Norwegian Cruise Line Holdings Ltd. shares rose sharply in mid-day trading after global crude prices fell on advancing U.S.-Iran ceasefire negotiations and signs the Strait of Hormuz could reopen. The oil decline reduces near-term fuel expense expectations for cruise operators, and a major open-market purchase by CEO John Chidsey, along with earlie…