What’s Next For RCL Stock After 10% Decline Last Week?

What’s Next For RCL Stock After 10% Decline Last Week?

Royal Caribbean stock (NYSE: RCL), the second-largest cruise line operator, has declined by about 10% over the week (five trading days), compared to the broader S&P 500, which remained roughly flat over the same period. The recent decline comes despite some positive commentary from the company's CEO, who indicated that Royal Caribbean was witnessing historically strong bookings for summer 2022, while noting that the worst of the Covid-19 pandemic was likely behind the company. However, investors were seemingly disposed to booking some profit in the stock after it saw a bit of a rally in recent weeks following positive news on the anti-viral treatment for Covid-19 from Pfizer and a broader rally in the markets. Moreover, investors are also probably concerned about the company's debt load, which has soared almost 3x from 2017 levels to about $20 billion currently. Now, is RCL stock set to decline further or will it rise? We believe that there is a decent 60% chance of a rise in Royal Caribbean stock over the next month (21 trading days) based on our machine learning analysis of trends in the stock price over the last ten years. See our analysis on Royal Caribbean Stock Chance of