Why Royal Caribbean Stock Popped 6% This Morning
Shares of cruise line giant Royal Caribbean (NYSE: RCL) jumped more than 6% this morning before giving back a portion of its gains. In noonday trading, Royal Caribbean stock remains up 2.1%.
This seems a curious result on a day when Royal Caribbean rival Carnival Corporation (NYSE: CCL) just reported a massive loss for its fiscal second quarter -- some $4.4 billion, including non-cash asset impairment charges of $2 billion. And yet, to an extent, it makes sense.
With three cruise stocks to choose from, is Royal Caribbean the one to pick? Image source: Getty Images.
Source Fool.com
