Why Are Stocks Of Royal Caribbean Group (RCL) Trading High?

The Royal Caribbean Group (RCL) anticipates operations to reopen this June. Following company plans, the first cruise ships with tourists on board will leave the Bahamas in early summer.

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The first tourists will be able to take a seven-day cruise on the Seas’ Adventure in June. It will be dispatched from Nassau (Bahamas), the new homeport of the ship. Visits to several islands will be included in the itinerary, including the private Royal Caribbean Island of CocoCay and Cozumel’s resort island, Mexico.

Due to the ongoing pandemic, Royal Caribbean Group (RCL) takes a series of precautions to return to activity and welcome tourists again. Remarkably, all crew members of the cruise ships will be vaccinated, and only adults with vaccinations will be permitted onboard. COVID-19 negative test results are required of guests under the age of 18.

Tourism operators, including cruise lines, suffered severe damage as a result of the forced outages. Several companies sustained losses due to wage payments and port storage. Azamara, Royal Caribbean’s luxury cruise line, was sold for $ 200 million by the RCL stock for the additional money it needed. There were three ships in the deal, as well as intellectual property. Furthermore, Royal Caribbean raised about $ 1.5 billion by selling about 17 million shares of common stock.

Shares of Royal Caribbean Group (RCL) are up 13.21% in the last year-to-date period and are up 1.13 percent or $1.11 in the latest trading session. Even so, the stock’s performance over the trailing 12 months is almost 108.22% higher. Compared to the previous three months, the stock is 18.40% up. The shorter duration has shown RCL stock weekly performance losses of -6.7% and overall drops of -7.72% in the past month.

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