Royal Caribbean Group Stock Rises Thursday, Still Underperforms Market
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Shares of Royal Caribbean Group (RCL) inched 0.68% higher to $80.13 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.94% to 4,198.05 and the Dow Jones Industrial Average rising 0.34% to 33,535.91.
This was the stock's fourth consecutive day of gains.
Royal Caribbean Group hit a new 52-week high, surpassing its previous peak of $80.08, which the company reached on May 17th.
The stock underperformed when compared to some of its competitors Thursday, as Walt Disney Co. (DIS) rose 1.07% to $93.76 and Carnival Corp. (CCL) rose 2.17% to $11.28.
Trading volume (2.6 M) remained 1.1 million below its 50-day average volume of 3.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2023.
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May 18, 2023 17:21 ET (21:21 GMT)
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