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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
Two major cruise lines -- Royal Caribbean Cruises and Norwegian Cruise Lines -- have canceled scheduled voyages this week as the Omicron variant sparks renewed concerns about COVID-19 outbreaks aboard ships.
Royal Caribbean''s Spectrum of the Seas cruise…
The majority of cruise ships sailing in the US have reported COVID-19 outbreaks in recent weeks, impacting every major cruise line.
Shares of Royal Caribbean Cruises were down about 3% on Thursday after short seller Hindenburg Research said on Twitter it had bet against the cruise line operator.
Two major cruise lines -- Royal Caribbean Cruises and Norwegian Cruise Lines -- have canceled scheduled voyages this week as the Omicron variant sparks renewed concerns about COVID-19 outbreaks aboard
Royal Caribbean stock has outperformed other cruise lines during the pandemic, and has been rising despite warnings from the Centers for Disease Control against cruising. The post If Omicron Is the En
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