Bloomberg
Cruise Shares Tumble; Disney Delays Tuesday’s Trial Sailing
(Bloomberg) — Cruise stocks fell after industry leader Carnival Corp. announced an additional stock sale and Walt Disney Co. delayed a trial sailing.Carnival is selling as much as $500 million in stock, according to a filing Monday, with proceeds earmarked for the repurchase of its Carnival Plc shares and for general corporate purposes. The shares fell 7% to $26.15 at the close in New York, the biggest decline since March.Other operators lost ground in sympathy, with Royal Caribbean Cruises Ltd
