10 Stocks Outperforming With Monstrous Gains

5. Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Norwegian Cruise saw its share prices jump by 12.15 percent on Tuesday to finish at $24.10 apiece as investors mimicked an activist group’s acquisition of a 10 percent stake in the company.

Elliott Management disclosed on the same day that it acquired a significant stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH), in line with its plans to push changes to its board and management to turn around the cruise operator.

According to Elliott, the current board of directors has failed to fulfill its fundamental responsibilities while criticizing the appointment of former Subway Restaurant boss, John Chidsey, as its CEO.

“We are committed to delivering durable, long-term value creation, which will be led by our recently appointed CEO, John Chidsey,” Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) said in a statement.

Elliott said that it expects to reach a constructive resolution with the cruise operator, adding that it is ready to take the case directly to shareholders.

Compared with its rivals Royal Caribbean and Carnival Corp., Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has been experiencing challenges related to costs, stiff competition, and weak demand.