Royal Caribbean shares decline for seven consecutive trading days
The extended stock slide cut the cruise company’s market value by about $7.3 billion, according to the report.
Royal Caribbean shares fell for seven consecutive trading days, producing a cumulative loss of 9.4%, according to the report. Over that period, the decline erased about $7.3 billion from the cruise company’s market value. Following the seven-day slide, Royal Caribbean’s market capitalization stood at approximately $71 billion.
The report placed the stock’s trailing one-month return at negative 18.5%. Royal Caribbean’s trailing twelve-month return was negative 23.7%, reflecting the shares’ performance over that longer period.
The company’s operating margin over the trailing twelve months was 27.3%, the report said. Royal Caribbean also recorded revenue growth of 8.7% over the same period.
The report said Royal Caribbean shares traded at a price-to-earnings multiple of 16.2. Those operating margin, revenue growth and valuation figures accompanied the reported stock-performance measures following the seven consecutive trading-day declines.
