Royal Caribbean Cruises Ltd. (RCL) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 22. At the lunch break, shares of RCL have tacked on 3.15% to $70.0 after closing the day prior at $67.86. In the first two and a half hours of trading, the stock has gone as high as $70.55 and as low as $68.22. Today’s rise has come with about 1.73 million shares changing hands, compared to an average 30-day volume of 2.18 million for Royal Caribbean Cruises Ltd.. The price is currently below the 30-day volume weighted average price of $69.77 for RCL.
The share appreciation gives the company a market capitalization of $14.61 billion based upon 215.26 million shares outstanding. It also means that RCL has a price-to-book ratio of 1.79:1.
In the past 52 weeks, shares of RCL have traded as low as $64.21 and as high as $103.4. Technical traders will take note that at $70.0, shares of RCL are trading below their 200-day MA at $76.63 and below their 50-day MA at $70.31. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is RCL?
Royal Caribbean Cruises Ltd operates in cruise vacation industry. It owns six cruise brands, Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, and CDF Croisieres de France. The company’s 66100 employees are led by CEO Richard D. Fain from the corporate headquarters at 1050 Caribbean Way in Miami, FL.
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