Royal Caribbean Group stock sheds 2.16% and underperforms rivals
Updated
Updated · MarketWatch · May 7
Royal Caribbean Group stock sheds 2.16% and underperforms rivals
8 articles · Updated · MarketWatch · May 7
Shares closed at $280.87 on Thursday as the S&P 500 fell 0.38% and the Dow Jones Industrial Average lost 0.63%.
The decline ended a two-day winning streak, while Walt Disney rose 0.56% to $108.66 and Carnival fell 1.89% to $27.00.
Royal Caribbean finished 23.36% below its 52-week high of $366.50 reached on 29 August, with trading volume of 4.0 million topping its 50-day average of 2.7 million.
With its CEO selling stock, can Royal Caribbean's fuel hedge truly protect it from the escalating Middle East oil crisis?
Amidst recession fears and soaring inflation, can the cruise industry's post-pandemic boom survive a major pullback in consumer spending?
As Middle East tensions push oil prices higher, how close are cruise passengers to facing hundreds of dollars in new fuel surcharges?