Royal Caribbean Group (RCL)

Royal Caribbean Cruises Ltd. (RCL) dropped by 5.37% from $91.70 to $86.78 in the trading on Tuesday October 3, 2023. The reason why RCL stock down is due to investors appear to be cooling on cruise stocks. On the whole, travel stocks have seen huge gains recently, so some level of pullback isn't surprising and was likely inevitable. If travelers start staying home, then this could be just the beginning of a broader decline for the industry.