As Covid-19 recedes to the background and the pent-up demand for travel unleashes, tourism stocks are looking better with each passing day. The post 7 Travel and Tourism Stocks to Reserve Now for a Re
The CDC is now monitoring the two ships, the Vision of the Seas and Rhapsody of the Seas. The quarantined crew members are all fully vaccinated.
Cruise stocks RCL, CCL and NCLH struggled during the pandemic, and investors' hopes of a potential comeback continue to be quashed by the CDC. The post 3 Cruise Stocks That Could Be Torpedoed by the C
RCL stock is in the red since 2022 kicked off. Now, Hindenburg Research is taking full advantage of the cruise company's weaknesses.
Despite widespread outbreaks of the omicron variant, the cruise industry is enjoying smooth sailing.
Royal Caribbean Cruises Ltd has paused some of its cruise operations amid rising numbers of COVID-19 infections due to the Omicron variant.
Royal Caribbean International canceled cruises on four of its ships Friday amid a global surge in COVID-19 cases."In abundance of caution, Royal Caribbean International is pausing operations" for a few ships, the cruise company
Today, investor-favorite cruise stocks like Carnival, Norwegian and Royal Caribbean are all moving dramatically higher. Here''s why.
Cruise operators are on a clear path to the cash flow breakeven/positive level, Stifel gaming and leisure analysts say.
Today, investor-favorite cruise stocks like Carnival, Norwegian and Royal Caribbean are all moving dramatically higher. Here's why.
One analyst seemingly goes all in on cruise lines for 2022.
Shares of cruise operators rallied Friday, to buck the broad-market selloff, after Stifel Nicolaus analyst Steven Wieczynski pounded the table on the group, saying 2022 was going to be known as the "Y
Omicron Chaos Forces Norwegian Cruise Line To Cancel Sailings Until April Every cruise ship sailing with passengers in U.S. waters has reports of COVID-19 infections, prompting some cruise ship operators to cancel sails as far out as April. The number of cruise ships with infections has dramatically increased over recent weeks as the Omicron variant spreads like wildfire throughout the U.S. The U.S. Centers for Disease Control and Prevention (CDC) has flagged 92 cruise ships with infections this week. Last week, the CDC raised the COVID-19 Travel Health Notice level for cruise ships from Level 3 to Level 4, the highest level , amid soaring infections. Health officials warned Americans to avoid traveling on cruise ships at all costs. "The virus that causes COVID-19 spreads easily between people in close quarters on board ships, and the chance of getting COVID-19 on cruise ships is very high, even if you are fully vaccinated and have received a COVID-19 vaccine booster dose," the agency warned.
Royal Caribbean Shares Fall After Hindenburg Research Discloses Short Position Shares of Royal Caribbean are under pressure after noted short-seller Hindenburg Research announced in a series of Tweets that it was shorting the cruise line. In a series of tweets, Hindenburg said that RCL was one of the most dislocated re-opening stocks on the market today and said that the outlook for the cruise industry "is far more grim than other hospitality and leisure" industries. Hindenburg pointed out the company''s ballooning liabilities and share count, saying the company''s current debt would be "extremely difficult to service, almost necessitating extensive dilution of existing shareholders". The firm also pointed to increased fuel costs, vaccination mandates and the CDC''s Conditional Sailing Order as headwinds. We are short $RCL , which we believe to be one of the most dislocated re-opening stocks on the market today. The outlook for $RCL and the cruise industry is far more grim than other hospitality and leisure post-Covid stories. Hindenburg Research (@HindenburgRes) January 6, 2022 As far as low hanging fruit for short sellers as part of the post-Covid re-open trade, Royal Caribbean may be at the top of the list since it returned 3% in 2021, while Carnival and Norwegian Cruise Line Holdings fell 7.1% ad 18% respectively, according to Bloomberg.
Royal Caribbean (RCL) ticked down 1.3% and neared session lows after Hindenburg Research said it was short the cruise operator."We are short $RCL, which we believe to be one of the
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