Royal Caribbean Stock Is Up Almost 400%, but Does It Deserve to Be?
All cruise ship operators are riding a wave of optimism higher, but none more so than Royal Caribbean (NYSE: RCL), whose shares have risen nearly 400% from the lows they hit last March.
On the fourth-quarter earnings call, management said bookings in 2021 (through late February) are running 30% above what they were in November and December as COVID-19 vaccinations encourage more people to plan cruise vacations. As of this writing, Royal Caribbean stock is rising to heights not seen in almost a year as the prospects for a recovery look better than they ever have since the pandemic shut down travel around the globe.
But with challenges still looming on the horizon for this industry, the market has gotten a bit ahead of itself.
Source Fool.com
