Shares of several companies in the hotels, restaurants and leisure sectors, including Royal Caribbean Cruises Ltd (NYSE:RCL), are trading higher amid overall market strength as stocks rebound following Tuesday weakness. Investors continue to assess inflation and Fed rate hike outlook as well as corporate earnings.
Travel-related stocks may also be trading higher in sympathy with Delta Air Lines (NYSE:DAL) after the company reported better-than-expected first-quarter EPS. Delta Air Lines reported quarterly losses of $1.23 per share which beat the analyst consensus estimate of a loss of $1.37. Delta Air Lines also reported quarterly sales of $8.20 billion which missed the analyst consensus estimate of $8.76 billion by 6%... Read More
Royal Caribbean is the world's second-largest cruise company.
According to data from Benzinga Pro, Royal Caribbean Group is trading higher by 4.18% at $82.06. Royal Caribbean Group has a 52-week high of $98.27 and a 52-week low of $61.45.
