Why Royal Caribbean Stock Crashed 10% Today
The news is sinking Carnival and Norwegian Cruise Line Holdings, too.
Operate two brands, Royal Caribbean International and Celebrity Cruises, in the cruise vacation industry. Ships operate on a selection of worldwide itineraries that call on approximately 200 destinations.
Symbol | Last Price | Market Cap | % Δ 1 Yr | % Δ 5 Yr |
---|---|---|---|---|
RCL
Royal Caribbean
|
$41.56 | $10B | -48.0% | -64.3% |
SBUX |
$86.50 | $97B | -25.8% | 75.5% |
CMG |
$1,656.76 | $46B | -13.5% | 384.7% |
MTN |
$240.95 | $9B | -21.1% | 21.0% |
TXRH |
$92.86 | $6B | 2.0% | 98.8% |
The news is sinking Carnival and Norwegian Cruise Line Holdings, too.
Royal Caribbean is also pulling up Carnival and Norwegian Cruise Line Holdings.
The cruise ship industry is in some storm-tossed waters over the direction the economy is heading.
The cruise line stock is well on its way to recovery, but is that enough?
The Fed just raised interest rates by 0.75% -- and it could do it again.
Inflation and interest rates and an inverted yield curve (oh my!).
Two analysts lay out uncomfortable scenarios for the two cruise line giants.
The cruise ship company missed estimates for its Q1 earnings results.
Carnival Corporation, Royal Caribbean, and Norwegian Cruise all notched gains.
The company is indisputably in recovery mode, but it whiffed on first-quarter estimates.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.