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Why Royal Caribbean Stock Dropped, Then Popped

TheMotleyFool

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Why Royal Caribbean Stock Dropped, Then Popped: https://g.foolcdn.com/editorial/images/875892/smiling-couple-embraces-next-to-a-cruise-liner.jpg

Royal Caribbean (NYSE: RCL) stock tumbled nearly 10% in early trading this morning -- then made it all back. As of 1 p.m. ET, Royal Caribbean stock is trading almost exactly where it closed last night -- $309 per share. So why the sudden sell-off before investors changed their mind?

Well, you can blame Carnival Corporation (NYSE: CCL) for that.

Image source: Getty Images.

Source Fool.com