Among the biggest risers on the S&P 500 on Friday October 11 was Royal Caribbean Cruises Ltd. ($RCL), popping some 3.82% to a price of $107.57 a share with some 1.96 million shares trading hands.
Starting the day trading at $105.00, Royal Caribbean Cruises Ltd. reached an intraday high of $108.48 and hit intraday lows of $105.00. Shares gained $3.96 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 209.56 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $89.48 to $131.04.
Royal Caribbean is the world’s second-largest cruise company, operating more than 60 ships across six global and partner brands in the cruise vacation industry. Brands the company operates include Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and a 49% stake in Pullmantur, allowing it to continue competing on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price.
Royal Caribbean Cruises Ltd. has its corporate headquarters located in Miami, FL and employs 76,100 people. Its market cap has now risen to $22.54 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 1.95, and P/FCF n/a.
The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.