Norwegian Cruise Line Holdings (NCLH)

Norwegian Cruise Line's price sits about a fifth below where it was on average over the past year.

What is going on right now?

The stock dropped nearly 3% in a single day on heavier-than-usual trading. Reports of tensions in the Middle East pushed oil prices higher, which could mean higher fuel bills for cruise operators like this one.

How is the business itself doing?

The company runs cruise ships across the Caribbean, Alaska, Europe, and Asia. Its earnings rebounded sharply, growing more than six times compared to the prior year, and revenue grew about 5%.

What stands out?

The company carries a lot of debt, roughly six times what it owns outright. About a quarter of its shares are being bet against by traders expecting a decline.

What comes next?

Its next earnings report lands on October 29, and it will show whether rising fuel costs are eating into that profit rebound.