Why Royal Caribbean Stock Gained 10% in November
Royal Caribbean (NYSE: RCL) shareholders beat the market last month as their company gained 10% compared to a 3.4% boost in the S&P 500, according to S&P Global Market Intelligence. The increase kept the consumer discretionary stock on pace with the broader market in 2019 and well ahead of chief rival Carnival (NYSE: CCL).
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November's rally followed a strong earnings report that Royal Caribbean issued at the end of October. In that announcement executives revealed that sales volumes, pricing, and profitability trends all remained strong despite unusual challenges, including the most disruptive hurricane in the company's history.
Source Fool.com
