Royal Caribbean Group Stock Falls Friday, Underperforms Market
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Shares of Royal Caribbean Group (RCL) slipped 0.66% to $79.60 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.14% to 4,191.98 and Dow Jones Industrial Average falling 0.33% to 33,426.63.
The stock's fall snapped a four-day winning streak.
Royal Caribbean Group closed $0.63 below its 52-week high ($80.23), which the company reached on May 18th.
Despite its losses, the stock outperformed some of its competitors Friday, as Walt Disney Co. (DIS) fell 2.57% to $91.35 and Carnival Corp. (CCL) fell 3.01% to $10.94.
Trading volume (2.3 M) remained 1.4 million below its 50-day average volume of 3.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 19, 2023.
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May 19, 2023 17:20 ET (21:20 GMT)
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