Why Royal Caribbean Stock Fell 44% in 2020
Royal Caribbean (NYSE: RCL) shareholders trailed the market by a wide margin last year. Their stock dropped 44% in 2020 compared to the 16% increase logged by the S&P 500, according to data provided by S&P Global Market Intelligence.
Shares had at one point fallen by over 80%, though, and Royal Caribbean also ended the year with more modest declines than its cruise ship peers, Carnival and Norwegian Cruise Line Holdings.
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Source Fool.com