Royal Caribbean Cruises Stock Falls On Unusually High Volume (RCL)
Royal Caribbean Cruises (NYSE:RCL) is trading at unusually high volume Tuesday with 11.6 million shares changing hands. It is currently at four times its average daily volume and trading down $1.73 (-6%).
NEW YORK ( TheStreet) -- Royal Caribbean Cruises (NYSE: RCL) is trading at unusually high volume Tuesday with 11.6 million shares changing hands. It is currently at four times its average daily volume and trading down $1.73 (-6%) at $27.02 as of 3:40 p.m. ET. Royal Caribbean Cruises has a market cap of $6.25 billion and is part of the services sector and leisure industry. Shares are up 16.1% year to date as of the close of trading on Friday. Royal Caribbean Cruises Ltd. operates in the cruise vacation industry worldwide. It owns five cruise brands: Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, and CDF Croisieres de France. The company has a P/E ratio of 10, below the average leisure industry P/E ratio of 10.1 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Royal Caribbean Cruises as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and a generally disappointing performance in the stock itself. You can view the full Royal Caribbean Cruises Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.