Why Royal Caribbean Stock Dropped, Then Popped
Carnival beat earnings, so why did Royal Caribbean stock sell off?
Why Royal Caribbean Stock Dropped, Then Popped
Overview
Royal Caribbean (NYSE: RCL) stock tumbled nearly 10% in early trading this morning -- then made it all back. As of 1 p.m. ET, Royal Caribbean stock is trading almost exactly where it closed last night -- $309 per share. So why the sudden sell-off before investors changed their mind?
Well, you can blame Carnival Corporation (NYSE: CCL) for that.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
