Royal Caribbean jumps to lead gains among cruise stocks
** Cruise operator stocks rise between 2% and 9% in midday trading
** Royal Caribbean Cruises shares RCL.N jump as much as 9.9% to $153.55, on track for their best day since Nov. 2022; leads gains among peers
** Company says it entered exchange agreements with some holders of its 6.000% convertible senior notes, due 2025, for a combination of cash and shares of its common stock
** RCL notes to be exchanged are worth $731 mln; following exchange, company will have an outstanding amount of about $419 mln in aggregate
** Shares of Norwegian Cruise Line NCLH.N up 2.2% at $15.67, set to snap six-day losing streak
** U.S.-listed shares of Carnival Corp CCL.L, CCL.N rise 2.7% to $14.80; also on track to end six straight sessions of losses
** A day earlier, CCL dropped 2.7%, NCLH fell 3.8% while RCL closed up marginally higher, amid a broader market rout
** So far this year, RCL stock up about 18% while NCLH and CCL are down between 21% and 22%, including session's moves
Reporting by Savyata Mishra in Bengaluru
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
