RCL stock

[peter1975]

Why is RCL stock going up today when the only recent press about the cruise industry is negative?

 

Don't get me wrong - I'm very happy about it! I'm heavily invested long in RCL, but I can't figure out what's causing today's upward movement.

 

I'm open for ideas.

[mrpayroll]

Don't know why but Carnival stock is UP quite a bit today also.

[Cycler48]

Both cruise lines have shown recent interest in building a port on the Gold Coast of Australia. This expansion may have caused an analyst to make a 'buy' recommendation.

[bajathree]

http://www.marketintelligencecenter.com/newsbites/1372692

[negc]

There are hundreds of stock analysts out there more than willing to offer their explanations for things that probably can't be explained logically. The stock market in general sometimes reacts to events in ways that seem to defy logic, but you can always find someone who has "THE Answer" (and an explanation "THE Answer" turns out to be wrong).:D

[Big_G]

I wouldn't get too excited. You have two analysts giving upgrades for both RCL and CCL that will give them a bump but until you see them meet or beat expectations, it will just chug along up and down.