Royal Caribbean Profit Rises 34%. Royal Caribbean Cruises Ltd. (RCL) stock achieved a new 52-week high on September 12, 2014, after ten months of steady climb beginning October 17,2014 at 38.78.
The stock climbed in the past 52 weeks exceeding past highs and recovers the catastrophic losses during the huge sell off in 2009, when the stock plummeted.
On March 2, 2009, RCL hit a dismal 5.50 a share, after deteriorating net income, generally higher debt management risk and disappointing return on equity triggered a huge sell off.
Increasing fuel costs and lower bookings resulting in heavy discounting of cruise packages as Royal Caribbean Cruises struggled to fill cabins aboard their cruise ships, then, suspended its dividend.