What's Going On With Royal Caribbean Group (RCL) Shares
Portfolio Pulse from Henry Khederian
Royal Caribbean Cruises Ltd (RCL) shares are trading higher by 2.25% amid broader strength in cruise stocks. This follows Carnival Corporation's Q2 financial results, which exceeded analyst expectations. Carnival's adjusted FY23 EBITDA is projected to surpass the previously guided range, despite an estimated unfavorable impact from fuel price and currency. RCL has a 52-week high of $105.21 and a 52-week low of $31.09.
June 28, 2023 | 7:31 pm
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RCL shares are trading higher following Carnival's positive Q2 results. The stock's 52-week high is $105.21 and its low is $31.09.
RCL shares are trading higher, likely due to the positive financial results reported by Carnival, a peer company in the cruise line industry. This suggests that investors may be optimistic about the overall health of the cruise industry, which could positively impact RCL's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100