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Why Royal Caribbean Is Sailing 15% Higher This Week

TheMotleyFool

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Why Royal Caribbean Is Sailing 15% Higher This Week: https://g.foolcdn.com/editorial/images/704027/cruise-ship-wave-carnival-norwegian-royal-getty.jpeg

Shares of Royal Caribbean Cruises (NYSE: RCL) are running 14.6% higher this week compared to where they closed last Friday, according to data from S&P Global Market Intelligence, despite no company-specific news that would account for the jump.

In fact, there's been plenty of cruise industry news to suggest the exact opposite, especially around peer Carnival (NYSE: CCL), which continues to catch analyst downgrades and price target cuts after laying an earnings egg.

Image source: Getty Images.

Source Fool.com

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