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Royal Caribbean Group (RCL)

NYSE - NYSE Delayed Price. Currency in USD
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93.27+1.64 (+1.79%)
At close: 4:03PM EST
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Trade prices are not sourced from all markets
Previous Close91.63
Open91.00
Bid93.28 x 1000
Ask93.56 x 1000
Day's Range89.27 - 94.23
52 Week Range19.25 - 99.24
Volume5,457,802
Avg. Volume4,848,291
Market Cap22.142B
Beta (5Y Monthly)2.87
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar. 05, 2020
1y Target EstN/A
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    Why Norwegian Cruise Line, Carnival Corporation, and Royal Caribbean Stocks Got Torpedoed Today

    Here's a hint: It was bad enough that Norwegian Cruise stock is down 5.7% in 12:15 p.m. EST trading -- and bad enough to drag down Carnival (4.3%) and Royal Caribbean (6.1%) right beside it. Last but not least -- and disappointingly for all cruise stock investors, I fear -- Norwegian had little to tell us about hoped-for "technical regulations" from the Centers for Disease Control and Prevention (CDC).

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    Tuesday morning was looking like a rough day for cruise industry investors. Carnival Corporation (NYSE: CCL) (NYSE: CUK) had just announced a new $1 billion capital raise -- on top of $3.5 billion raised just two weeks ago -- highlighting the industry's need for cash and raising new worries that the recession might not end soon. In response to bullish news that Carnival rival Royal Caribbean (NYSE: RCL) has "seen a 30% increase in new bookings since the beginning of the year when compared to November and December" (according to its CFO, Jason Liberty), Deutsche Bank suddenly said it saw "many" reasons to be optimistic, and raised its price target on Royal Caribbean stock to $79 a share.

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    Upwork, Royal Caribbean, and Snap have posted double-digit gains in an otherwise problematic trading week for investors.