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Stock of the Day: Where is the Bottom for Royal Caribbean?
Royal Caribbean shares are down 20%+, extremely oversold and nearing $241 support, potentially setting up a reversal and rebound.
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- benzinga
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Related Headlines
Truist Securities Maintains Hold on Royal Caribbean Group, Raises Price Target to $298
Truist Securities analyst Patrick Scholes maintains Royal Caribbean Group (NYSE:RCL) with a Hold and raises the price target from $297 to $298.
JP Morgan Maintains Overweight on Royal Caribbean Group, Raises Price Target to $394
JP Morgan analyst Matthew Boss maintains Royal Caribbean Group (NYSE:RCL) with a Overweight and raises the price target from $345 to $394.
Shares of travel and leisure-related stocks are trading lower as elevated energy prices and bond yields drive expectations of tighter monetary policy for longer, which may curtail consumer discretionary spending.