Why Royal Caribbean Stock Jumped 7.5% Today

·1-min read
Why Royal Caribbean Stock Jumped 7.5% Today

Cruise-operator Royal Caribbean (NYSE: RCL) released its second-quarter financial report yesterday, and investors reacted by continuing a trend that the stock has experienced for about a week -- ending the day lower. Recent reopening pessimism related to the quickly spreading COVID-19 delta variant has shifted some investor sentiment away from reopening names that had been recovering. The Centers for Disease Control and Prevention (CDC) data shows the vaccination rate -- based on the seven-day average of daily reported first doses -- has more than doubled since the start of July in some states that have trailed the national average rate, as reported by CNBC.

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