Royal Caribbean Group Stock Falls Friday, Underperforms Market
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Shares of Royal Caribbean Group (RCL) slipped 2.04% to $66.86 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.45% to 3,861.59 and Dow Jones Industrial Average falling 1.07% to 31,909.64. This was the stock's fourth consecutive day of losses. Royal Caribbean Group closed $20.82 below its 52-week high ($87.68), which the company achieved on April 21st.
Despite its losses, the stock outperformed some of its competitors Friday, as Walt Disney Co. (DIS) fell 2.67% to $93.57 and Carnival Corp. (CCL) fell 3.00% to $9.69. Trading volume (5.2 M) eclipsed its 50-day average volume of 3.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2023.
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March 10, 2023 17:21 ET (22:21 GMT)
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