Norwegian Cruise Line’s stock is surging Tuesday, as an activist investor looks to shake up the cruise operator’s business.
Shares of Norwegian (NCLH) were up over 6% in recent trading after Elliott Investment Management revealed a more than 10% stake in the company.
The activist investor said it sent a letter and presentation to Norwegian’s board laying out plans to push for a shakeup of its board, along with changes to improve guest experience and profitability, among other things.
Norwegian Cruise Line’s Stock Is Surging. An Activist Investor Is Pushing for Big Changes.
