|Bid||27.76 x 1300|
|Ask||27.77 x 1200|
|Day's range||26.73 - 28.17|
|52-week range||7.80 - 38.11|
|Beta (5Y monthly)||2.32|
|PE ratio (TTM)||N/A|
|Earnings date||18 Mar 2021 - 22 Mar 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||20 Feb 2020|
|1y target est||18.53|
Top news and what to watch in the markets on Wednesday, February 24, 2021.
Investors can't keep up with economic optimism right now.
Tuesday morning was looking like a rough day for cruise industry investors. Carnival Corporation (NYSE: CCL) (NYSE: CUK) had just announced a new $1 billion capital raise -- on top of $3.5 billion raised just two weeks ago -- highlighting the industry's need for cash and raising new worries that the recession might not end soon. In response to bullish news that Carnival rival Royal Caribbean (NYSE: RCL) has "seen a 30% increase in new bookings since the beginning of the year when compared to November and December" (according to its CFO, Jason Liberty), Deutsche Bank suddenly said it saw "many" reasons to be optimistic, and raised its price target on Royal Caribbean stock to $79 a share.