Shares of Royal Caribbean Cruises Ltd (RCL) are trading -9% lower at a price of $35.375 at the time of this writing.
Royal Caribbean Cruises Ltd has been trading between a 52-week high of $98.27 and a 52-week low of $31.09. The stock has a market cap of $9.02 Billion.
Royal Caribbean Cruises Ltd., doing business as Royal Caribbean Group, is a cruise vacation company that owns four global brands: Royal Caribbean International, Celebrity Cruises, Azamara and Silversea. Royal Caribbean Group is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, our brands operate 61 ships with an additional 15 on order as of December 21, 2020.
Headlines
Why Are Cruise Stocks CCL, RCL and NCLH Down Today?
InvestorPlace 07-21-22
Royal Caribbean Group Stock Is Getting Hammered Today: Here''s Why
Benzinga 07-21-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:BlakeClass - 3 upvotes -
sourceRCL down 3% AH on nothing, this shit is wild.
BlakeClass - 2 upvotes -
sourceYea I see. Proof they need money and RCL can’t raise and is in worse shape. This is nice
BlakeClass - 2 upvotes -
sourceApple 155p Tesla 850c RCL 34.50p
BlakeClass - 1 upvotes -
sourceThat’s fucking hugeeeee cuz RCL can’t raise new capital because of their deferred ship payment convenants, 
JustMowingTheLawn - 1 upvotes -
sourceCCL dilutes stonk. NCLH and RCL -10%. Standard.