Tourism and travel-related stocks have taken a hit from worries surrounding the Zika virus, and though many were moving higher Monday, most are still trading below their levels from a week ago.
The Centers for Disease Control and Prevention said it has confirmed that 31 Americans have become infected, all after traveling to one of the 24 countries or territories with the outbreaks. The region hardest hit by the mosquito-borne virus is the Caribbean, Central and South America, where several major U.S.-based cruise line, airline and hotel chains operate.
Shares in travel-related companies regained some lost ground on Friday, and were mixed Monday, but are still mostly below their levels from before the virus began gaining attention. They're also underperforming the wider market.
"Cruise line stocks have underperformed the market by quite a bit — and so have travel group stocks in general because of concerns about Zika," Wells Fargo Securities analyst Tim Conder said late last week.